YT-sUSDf Review

Why did I transfer to the new pool (29 Jan 2026)?

The TGE of Falcon is expected to take place in October, with September 28 being the snapshot day. This means that the closer to the snapshot, YT-sUSDf not only earns fixed interest but also participates in rewards and airdrops!

The Implied APY of the old pool surged above 40%, which is the result of the doomsday effect combined with FOMO. However, after the expiration, these profit windows will disappear!

Last night, I also saw the logic of Lebrin Pendle OG and learned new things! The summary was quite accurate; he shared that those who entered early → have a significantly higher point/loss ratio, the earlier you enter, the better it is. The old pool is nearing expiration → the doomsday YT effect has driven up yields, forcing more people to switch to the new pool. There are also comparisons with past cases: Etherfi and Ethena's second quarter YT, both really ignited FOMO after TGE, and the implied APY once surged to over 300%! I consider myself a Pendle newcomer, following along is definitely the right move!

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My operation?

A few days ago, I transferred all my old pools to YT-sUSDf (29 Jan 2026). The reason is simple:

※ 72x Miles multiplier has been confirmed, offering more advantages than the old pool.
※ Longer expiration time, you can continue to accumulate points and dividends after the TGE in October.
※ Conservative estimate: 1B FDV × 5% distribution, after amplifying the daily points growth, 1M points ≈ $28, which is much higher than the short-term arbitrage value of the old pool! However, everyone's calculation is different, and it will vary with the inflation of points, so it is not recommended to use this as a reference.

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Summary

※ Old pool → Suitable for short-term arbitrage, APY skyrocketing is just the final frenzy.
※ New Pool → Higher cost-performance ratio for points, just at the snapshot and TGE nodes, with potential for secondary FOMO later!

This is also why I firmly decided to cut my position. Lock in profits, bet on points, and wait for the TGE; this is the bigger story to come!

#KaitoYap @KaitoAI @FalconStable # Yap #falconstable # Yap2Fly