Infrastructure made Ponzi great again. The DeFi infrastructure built over the past few years is definitely not for nothing. Pendle YT essentially amplifies NET's rebase by 10x, while the emission rate of the NET project itself remains unchanged. One of the biggest optimizations NET made to OHM is controlling the rebase and curbing the emission rate. Under these conditions, both the APY and premium are suppressed. sNET on Pendle is like leveraging APY and premium without altering the project design. The magical wonders of DeFi. ✨