My most successful trading strategy is buying undervalued coins. Last few months alts were pumping left and right. Finding an undervalued amidst of this rally was arduous task. However, there was a protocol I have been eyeing to accumulate since last six months $PENDLE

Oct 13, 2021 · 2:04 PM UTC

3
7
1
35
@pendle_fi caters to Interest Rate Swaps sector in DeFi. I could write on the bull thesis about it, but it will pale in comparison to what @adamscochran wrote about it back in May. Please take a read here
1/23 One of the newer small caps I've been wanting to cover recently is $PENDLE (@pendle_fi). I think they are one of the only new projects I've seen that I think creates an entirely new category of market in the defi space.
Show this thread
1
1
2
Let’s come to tokenomics. Private price was $0.14 Current price is around $0.84 (~7x). Current mcap is 43mn(circulating), ~$160mn FDV Think about the broader DeFi market, then think about Pendle's relative valuation. Token Valuation Credits: @adamscochran
1
1
I personally have been watching Pendle’s consistent code execution, content sharing so that more people could use their protocol. As DeFi matures and people tend to temper their “Ape” tendencies a.k.a have some cash earning at fixed yield Pendle has the first mover advantage to..
1
1
lock on to those yields on $COMP/ $AAVE (maybe they’ll go the multichain route as well). cont...
1
1
I’ll say one thing, IR swap is the category where SIZE trades of nine figure, ten figure funds will happen. IR swaps are trillion $$ market in tradfi. Any protocol that is able to take a “cut” of this ENORMOUS VOLUME market is going to be a bluechip DeFi protocol in future.
1
With @StripsFinance launch just around the corner. I feel IR swap sector might see a resurgence. Anyways, that’s it for me. Originally wanted to share this thread yesterday but have been busy hardcore with real-world activities. Please DYOR. This is not financial advice.
3