⚡️I really like what Dog Brother @JiamigouCn said: There are only two types of stablecoins—those on Pendle and those not on Pendle.

This statement was vividly reflected after the official announcement of the BuidlPad presale by @FalconStable:

The YT-sUSDf on @pendle_fi, which has 12 days until expiration, directly became a god mine, and the returns skyrocketed!

Before the announcement, the implied cost of 1M Falcon points was about 5.5U. If you entered at an implied APY of around 9% and bought 1000U of YT-sUSDf, you could expect to get about 143M points at expiration;

After the announcement, the valuation of 1M points was raised to 12-25U, and just the points could be redeemed for 3000U, with returns multiplying three to four times. Moreover, the underlying interest has been continuously accruing, so early players essentially got it for free, at zero cost!

Thinking about it, why did this opportunity arise?

I believe that besides Falcon being incubated by DWF and invested in by WLFI, and the project narrative being quite solid, the key lies in Pendle's mechanism—

1️⃣ Short-term leverage amplification: The short-term YT on Pendle is extremely sensitive to interest rate fluctuations; when news hits, the leveraged returns can be rapidly amplified.

2️⃣ Realization of expectation differences: The value of points is priced in real-time on Pendle; before the announcement, no one gave Falcon such a high valuation, and the cost of points remained low; once clear news like TGE is released, the market quickly adjusts the valuation, elevating early chips.

The value of Pendle lies here; with the same amount of capital, one can capture both interest and point airdrops—those who bought YT this time really hit the jackpot!

Don’t worry if you missed out; there are still plenty of good pools on Pendle. If you want to find the next YT god mine, keep an eye on three signals—

🔹Look at the timeline: TGE/presale/major collaboration milestones; short-term YT is most likely to amplify point leverage.

🔹Look at the cost line: For example, when the cost of 1M points <10U, while the external project valuation >20U, that’s the optimal risk-return zone.

🔹Look at liquidity: When a new pool just opens and the trading depth is still insufficient, early entrants enjoy pure dividends.

Just a reminder: Recently, many pools on Pendle are nearing expiration, and many new pools have been launched, all worth paying attention to👇

https://x.com/pendle_fi/status/1966055087371129099

When new pools go live and funds are reallocated, it’s a great time to ambush a gold mine, making it easier to get the first bite of liquidity!

PENDLE @tn_pendle

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