NeoNguyen

The context of the call (based on the CEO's talk from offline gathering): 🔹Markets are quiet across the industry, and Pendle is using the lull to lay foundations for the next uplift 🔹Institutions are coming, RWAs have been our biggest driver this year and the years ahead, and

The best part that didn't mention here is Mint Mode. FYI, Mint Mode completely eliminates the price impact of PT compared to the traditional looping process (which involves buying PT multiple times with volume significantly affecting the PT price). Try it out here:

Happy birthday, legend!!!

After this article, my dip-buying nobrain play could now disguise itself as gigabrain play so that I can flex the green PnL here🤣 The opportunities are still wandering around if you know where to find them. 🔹BRENTOIL market: 🔹WTIOIL market:

With loAZND listed on Pendle, now you can ride Asian RWA yield here: ✅PT loAZND offers 7.94% Fixed APY ✅YT loAZND to receive Underlying Yield ~6.7% APY, plus loAZND point ✅LPing with no IL risk, ~13.27% APY, plus $PENDLE incentive

Access the market on Pendle here:

Why Asia? Asia holds 60% of the population & 50% of global GDP. With supportive regulators & a booming middle class, the region's $244 billions onchain value fuels a new DeFi era. Tokenized credit now unlocks RWA yields, driving >50% of global volume.

ACRED Vault converts USDC into ACRED within an RWA framework, enabling stablecoins to generate yield. The strategy focuses on private credit, maintaining a delta neutral for steady returns. With Pendle, ACRED Vault will be enhanced further. The fixed yield for PT now stands at

Some highlighted stats about Ember 🔹TVL currently ~$130M, ~100% gain since early April 🔹Over $2M in yield paid

Ember enriches the Yield Infrastructure Layer, making it far more diverse and inclusive. This empowers users with different risk profiles to participate seamlessly. Through Pendle, they can now capture the highest possible yields powered by Ember's robust infrastructure.

Some highlighted stats about Ember 🔹TVL currently ~$130M, ~100% gain since early April 🔹Over $2M in yield paid

ACRED Vault converts USDC into ACRED within an RWA framework, enabling stablecoins to generate yield. The strategy focuses on private credit, maintaining a delta neutral for steady returns. With Pendle, ACRED Vault will be enhanced further. The fixed yield for PT now stands at

Ember enriches the Yield Infrastructure Layer, making it far more diverse and inclusive. This empowers users with different risk profiles to participate seamlessly. Through Pendle, they can now capture the highest possible yields powered by Ember's robust infrastructure.

The Implied APY of PT-apxUSD has grown remarkably since March, rising from around 8% to a current stable level of 14% and it even reached 16% at one point (2x). By purchasing PT-apxUSD now, you can lock in a fixed APY of 14.39%

Hence, the result for a maximum looping will be 43.02% APY as below

And Morpho is now supporting looping on PT-apxUSD/USDC with a borrow rate of 9.7%. However, please note that the current total liquidity is only around $170K => So this opportunity is best suited for traders with medium to relatively modest position sizes.

⚠️The risk 🔹apxUSD exposure as collateral involves depeg risk – if it loses its peg, liquidation follows 🔹PT downgrade; even if the apxUSD peg holds, a sharp yield spike could trigger loan liquidation if IY approaches ~50.88% 🔹Borrow rate > fixed APY

The process 1⃣Buy PT-apxUSD to lock in a fixed APY 2⃣Deposit PT apxUSD into Morpho to borrow $USDC 3⃣Swap the borrowed $USDC back into PT apxUSD 4⃣Repeat to achieve the loop

The $338.5M daily notional ATH during a bear market signals usage driven by structure, not hype. Growth appears tied to product adoption, hinting at momentum that compounds before broader market attention arrives.

Pendle's engagement with Vietnam's leadership suggests tokenization is moving closer to policy level conversations. DeFi infrastructure is no longer isolated from traditional finance narratives or national financial ambitions.