DeFi

Can someone ELI5/shill me Pendle? I see three options to use eETH: YT, PT, and somewhere in between (LP). I'm not sure I understand the pros/cons of each.

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Start here: https://tokenomicsexplained.com/rate-speculation-platforms

Logristhebard.eth. Cofounder of TokenomicsExplained. Tokenomics consultant, AI PhD, cloud architect. EVMaverick 662

For any yield bearing instrument figure out what you think the rate will be (including a valuation of the airdrops for points nowadays). PT is a zero-coupon bond. Buy PT if you think the rate will be less than the implied rate for the bond discount.

EthFinance

Thanks, Logris — I am very grateful that you’ve chosen to spend time here in addition to r/ethfinance

(Btw, we also have a /ethfinance channel now)