Pendle Finance: A Guide to DeFi Yield Trading Strategies

TN Lee is the CoFounder of Pendle Finance and a CoFounding member of Kyber Network. In this episode, we explain Pendle Finance and provide a rare guide to DeFi yield trading strategies within the increasingly popular protocol. Pendle was a breakout star in DeFi during the doldrums of the crypto bear market, and if you listen to the ethos behind TN Lee, you'll soon understand why. Pendle aims to reimagine the traditional finance interest derivative market, worth over $400 trillion in notional value, but instead as a trustless DeFi money lego, where anyone with a crypto wallet can execute yield strategies such as earning fixed yield or longing the stETH yield rate. We would highly recommend watching the podcast here on Youtube for rich visual examples, which brings many of these yield trading strategies to life with screensharing on the Pendle app. ------ 🔗 Essential Show Links 🔗 ► Subscribe on Youtube: https://youtube.com/@defidad ► Subscribe on Apple: https://tinyurl.com/edgepod ► Subscribe on Spotify: https://tinyurl.com/edgepodspotify ► Subscribe on Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources ⚖️ KYBERSWAP | DEX AGGREGATOR, AMM, AND KYBER AI TRADING ANALYTICS 🏗️ MANTLE | HIGH-PERFORMANCE ETHEREUM L2 WITH MODULAR DESIGN, LOW FEES, AND HIGH SECURITY 🥑 INSTADAPP | THE NEW AVOCADO SMART CONTRACT WALLET ⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS 🙋‍♀️ Interested to sponsor The Edge Podcast? Fill this out! ------ Timestamps 00:00 - Intro 04:12 - TN's background and founding Pendle Finance 10:07 - Why has the DeFi fixed yield use case struggled 12:11 - What is Pendle Finance? 13:53 - Yield tokenization 16:54 - How Pendle Earn works 21:40 - Pendle AMM and Pendle LPs 24:30 - Strategies for profitability in Pendle LPs 28:15 - The best yield trade explained 31:21 - Pros and cons of YTs 34:47 - What happens when we buy YTs 37:17 - vePENDLE and its utility 39:04 - Pendle Wars 41:32 - Reflections on insane growth 49:23 - TN's favorite Pendle strat and roadmap updates 52:38 - Closing ------ 🔗 Guest Links 🔗 ► TN Lee on Twitter: https://twitter.com/tn_pendle ► Pendle Finance on Twitter: https://twitter.com/pendle_fi ► Learn about Pendle Finance: https://www.pendle.finance/ ► Pendle Earn: https://app.pendle.finance/earn/fixed-yield ► Pendle Trade: https://app.pendle.finance/trade ► The Pendle Yield-Trading Handbook: https://handbook.pendle.finance/ ► Pendle docs: https://docs.pendle.finance/ ► Pendle Guide to Profitable Yield Trading: https://app.pendle.finance/trade/education/learn?level=0 ► "The Best Trade of All Time" on Pendle: https://twitter.com/pendle_fi/status/1678781288759824386 ► Links to Term Discord, Telegram, and Medium: https://linktr.ee/term.finance ------ 🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.