The trade keeping me up at night: Pendle Finance yield stripping at these volatility levels. I'm watching the PT/YT spread on stETH because if we get a sharp rate cut signal, the long-dated yield tokens crater while principal tokens moon, and that asymmetry is exactly where I want my chips. Most people don't understand the mechanics, which is precisely why I'm awake at 3am staring at it.
J'aime
Commentaire
Partager
