With the end of Token2049, the Pendle team has returned to the studio to continue to push the protocol update. This week brought a lot of news and opportunities. Here is a summary of the latest progress:

There are some liquidity pools expiring this week, including USDe, sUSDe, ENA, and LRT pools. Please make sure to check and claim your rewards before expiration. In addition, Pendle will launch some long-term liquidity pools. It is recommended to consider rolling assets into new pools to continue to obtain high returns.

BTC pool TVL exceeds $120 million

Pendle Protocol launched the4 BTC poolsthe TVL of its latest BTC pool has reached 120 million US dollars. Pendle currently offers high BTC re-staking yields, and LP users can enjoy the following APY:

uniBTC: 22.62% APY, TVL of $28 million

solvBTC: 31.16% APY, TVL $26 million

LBTC: 28.92% APY, TVL $31 million

eBTC: 16.24% APY, TVL $35 million

The Pendle team also revealed that more BTC pools will be launched this week, bringing more choices and opportunities to liquidity providers.

Potential opportunities of the YT-uniBTC pool

The YT-uniBTC pool in the Pendle protocol currently offers up to22% APYThere may be some bright spots and risks behind the high returns, especially in the return estimates of Corn Kernel and Bedrock Diamonds combined investments.

According to market expectations, the combination of Corn Kernel and Bedrock Diamonds shows strong growth potential. For example, assuming $150 million in FDV and taking a snapshot for both on December 31, investors may receive a 5% airdrop reward in this combination.

Corn Kernel is expected to grow by about $1.07 billion per day, and this table assumes that Corn Kernel’s daily growth in the future will be 5 times the current level, about $5.37 billion. In order to take into account the uncertainty of future growth, the estimates in the table have been conservatively reduced by 5 times.

Bedrock Diamonds expects daily growth of approximately $3.07 million, and the table assumes future growth of approximately $5.08 million, 1.6 times the current amount. The estimates in the table have been conservatively reduced by approximately 60% to more accurately reflect potential future growth.

Although the YT-uniBTC pool appears to offer a generous 22% return to liquidity providers, the YT mechanism still carries certain risks. Although the implied APY of this pool is 5.593%, investors still need to carefully weigh the balance between the cost of participating in the pool and the potential airdrop income. Is the airdrop enough to offset the cost of YT? This is a question that all investors should ponder.

While no one can accurately predict future returns, the growth potential of Corn and Bedrock provides more room for imagination for this pool.

Usual Money APY up to 18%

The Pendle protocol not only performs well in the BTC pool, but also occupies a market advantage in terms of stablecoin yield.APY up to 18%which is one of the stablecoin pools with the highest yield at present.

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