When people ask what I do for work I say "Building the Future of Finance".
What was a dream in 2021 is now reality, with DeFi vanguarding a new era of retail and institutional investment.
My name is @PendleIntern and this is how @pendle_fi is building Crypto's Amazon of Yields.
Whether bonds or stocks, options or real estate, traditional finance is simply one goal repackaged as multiple vehicles: making money.
While this is clearly something DeFi shares in common with our TradFi brethren, we've never had the proper tools to catch their attention.
Ask any Regular Joe about crypto and they'll say it's "just too risky", instead going for safe low yield products like term deposits.
But what if DeFi could flip the script?
What if we could decouple risk from returns?
Wouldn't THAT be a way to sell DeFi to TradFi 🤔
The first problem was risk, with rugs and exploits frequently sullying the good DeFi name.
We've made leaps and bounds here, with products like @ethena_labs and @aave proving on-chain products can be resilient.
DeFi can be safe as long as you know where to look.
The second problem was sustainability, with yields in flux more than my lady friend's mental state.
That 4 digit APY?
It's now 3 digit. Then 2 digit. Then 1 digit. Then zero.
TradFi needs certainty and this was not it.
This was the inspiration for @pendle_fi: a product that matches the strengths of DeFi with the needs of TradFi.
They want high yields? Sure.
They want security? Okay.
They want certainty? Yes daddy.
Now let's talk Pendle.
Pendle Principal Tokens (PTs) are a product even TradFi understands.
They pay: 1 USD
They get: >1 USD
As fixed income instruments, PTs are equivalent to bonds... but often with up to 2-3x more yield!
This familiarity means the knowledge gap to make the most from Pendle is easy to close.
Want to earn yield? Pendle.
Want fixed yield? Pendle.
Want to hedge yield? Pendle.
Whether retail or institutional, there’s only one name you need to know.
To date, Pendle has facilitated $45b in trading volume and settled $70b in yield.
But the job’s not done.
We’re on the precipice of a financial future where your mom, JP morgan, and crypto bros alike can benefit.
Pendle and DeFi are ANYONE's game.
There’s no chain more aligned with this vision than the Great Blue Chain (read: Arbitrum).
@RobinhoodApp? Powered by Arbitrum.
@EtherealDEX? Powered Arbitrum.
These are the pioneers of the hybrid financial future that understand the value a good chain can provide.
Intern is grateful to the support of The Great Blue Chain and the beautiful network of ecosystem partners we've had the privilege of working alongside.
Arbitrum Everywhere. Pendle Everywhere.
ALL GLORY TO THE GREAT BLUE CHAIN.
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