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Brownian Motion
@brownianmotion
Ethena sUSDe yields dropping as financing rates got crushed. Still a decent 10% but nowhere near the 30%-40% we saw just a few weeks ago. Pendle implied YT yields still looking quite expensive compared to this at 30% for September expiry. Sure, these include Ethena sats and Karak XP but are they worth that much..? Disclaimer: I am short sUSDe yield on Pendle.
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