As with many things in life, DeFi is a game of inches - those that have an edge outcompete those that do not. If you're a @FalconStable enjoyooor, Pendle is that edge. Indeed, what if I told you you could have: - Identical exposure to USDf - 6x more points - Infinite more yield KAW KAWWWWWWWWWWWW ____________________________________________________ LP-USDf is an interesting little doo-hickey that gives you bonus points and free yield while having identical exposure to USDf. Looking at numbers alone, you can LP to earn: - 13.8% APY (vs. 0% APY spot) - ~36x Points (vs. 6x Points spot) Your 36x Points? That's 500% more than the standard USDf point rate (not even accounting for free yield). ____________________________________________________ So you're probably thinking "oh great, 36x Points - but what about the multipliers everyone else is getting?". Indeed, a user's point multiplier is ONLY relevant when considering it in the greater context. For this, we can break down Falcon's TVL supply to estimate how much OTHER users are earning from points. This tells us that ON AVERAGE, each $1 in Falcon is currently only earning a 12x Point Multiplier. Your 36x Points? That's 200% more than the average point rate! ____________________________________________________ What makes this case particularly interesting is that even though USDf supply has skyrocketed IMMENSELY, its distribution in DeFi is still highly inefficient. Observe that just 1.7% of circulating USDf supply is in Pendle... ...which means the remaining 98.3% is earning BELOW what you'd earn from us! Now if that's not an edge I don't know what is 🤫 ____________________________________________________ And haha if you'd like an EVEN greater edge, you can consider using your boys' Falcon referral and earn a bonus 9% on your miles. EARN POINTS: BOOST POINTS: NFA NLA NMA MDMA Pendiddler