Arthur Hayes, founder of BitMEX, has recently made significant moves in the crypto market by reducing his PENDLE holdings.
Over the last four days, Hayes has deposited a total of 1.835 million PENDLE, valued at $6.57 million, to both Binance and Bybit. This reduction represents 87% of his PENDLE position, with the average sale price clocking in at $3.581 per token.
Arthur Hayes (@CryptoHayes) deposited another 240,000 $PENDLE ($958K) to Binance ~3 hours ago.
In just 4 days, he has reduced his $PENDLE position by 87%, depositing a total of 1.835M $PENDLE ($6.57M) to #Binance and #Bybit for profit!
Currently, Arthur Hayes only holds 253,463… https://t.co/z1y7Hh3A1X pic.twitter.com/bnPBw0Ro5X
— Spot On Chain (@spotonchain) September 24, 2024
After these transactions, Hayes now holds just 253,460 PENDLE, currently valued at $1.01 million, which now ranks fourth in his overall portfolio.
Amidst these developments, Pendle’s newly introduced BTC pool is attracting attention, with a total value locked (TVL) of $170 million. In addition, Pendle is offering several highly competitive BTC staking options, boasting some of the best returns available in the industry.
Here are the current LP annual percentage yields (APY) across different pools:
– uniBTC: 25%, TVL $1.8 million
– solvBTC: 44%, TVL $15 million
– LBTC: 29%, TVL $26 million
– eBTC: 16%, TVL $34 million
– Pendle 新的 BTC 池目前TVL已经达到了1.7亿美元——
看了下，Pendle目前提供的几本是全行业内最高的BTC收益；
想问下大家怎么看，参与BTC质押的有把货进去 Defi 的吗？
研究了一下：
当前LP的APY：
– uniBTC：25%，TVL为180万美元
– solvBTC：44%，TVL为1500万美元
– LBTC：29%，TVL为2600万美元
-… pic.twitter.com/bPSaKSZxg8
— BITWU.ETH (@BTW0205) September 24, 2024
Aside from the base returns, liquidity providers (LPs) on Pendle can also earn points. If you’re cautious about risk and wary of impermanent loss, Pendle offers an option to provide liquidity as a PT or LP. Notably, if LP positions are held until expiration, the risk of impermanent loss is eliminated.
With these impressive yields and the security of no impermanent loss upon expiration, it raises the question: has anyone considering BTC staking been attracted to DeFi options like Pendle?
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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