The 3 biggest growth waves in crypto are: - Stablecoins - RWAs - Perps Pendle is Perfectly Positioned to monetize the yield generated by all three: - Stablecoins: supply is bout $300B and projected to grow massively...Pendle already acts as a major distribution/liquidity layer for issuers USDG, AUSD and Ethena - RWAs: tokenized assets excluding stablecoins have grown from ~$10B to circa $39B since early 2025...Pendle is increasingly being used to strip, trade and collateralize their yields - Perps: equity/commodity perps are exploding, creating volatile funding rates....Boros lets traders hedge, lock, or speculate on that funding, including cross exchange arbitrage opportunities around 20 to 40% APR Ze Pendle Moat: distribution + integrations + liquidity: PTs are widely usable as collateral, cross-chain, and Pendle claims liquidity efficiency has improved dramatically while emissions fell 92% this year A tsunami of financial assets are moving onchain and the yield and funding needs to be priced, traded and hedged Pendle covers all tokenized yield Boros covers all funding rates Trillions in flows dc: linn promises to not tweet "I told you so" once pendle reaches global domination after being a tier 1 kol supreme for pendle