Ethereum
Pendle BTC Market Making
This pool facilitates yield trading on SolvBTC.BBN. In practice, this means you are facilitating swaps between a Principal Token (PT) and a wrapped version of the underlying asset (SY). Your yield is generated from swap fees paid by traders when an exchange happens, fixed yield from the PT exposure, underlying yield from SY, and PENDLE incentives.
15.8%
Yield
30d APY
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Risk
APY
Last 90d
Editor's Take
Investment Rationale
This opportunity works well for investors who want long exposure to Bitcoin (BTC). Keep in mind, your returns are impacted by the price of BTC and this pool's yield.
Risk Perspective
Risks include multiple smart contract risks and the potential depeg of SolvBTC.BBN. Pool is subject to loss if SolvBTC.BBN depegs significantly.
Pool Performance
Your yield primarily comes from the swap fees paid by yield traders when swapping between SolvBTC.BBN and a fixed-yield derivative of SolvBTC.BBN, plus protocol incentives. The more trades, the higher the fees that you earn. The yield can change depending on transaction volume and value.
Ready to earn 15% yield or more with Exponential ?
Yield15.8%
30d APY
Base
3.2%
Reward
12.6%
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Summary
Risk Details
Pool Fundamentals
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