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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.

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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.

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Yield15.8%
30d APY
Base
3.2%
Reward
12.6%
.
TVL
$50.4M
0
last 30d
Yield
15.8%
APY 30d
Earnings
$0.2M
Last 30d
Protocol
Summary
Risk
Fundamentals
Risk of losing your entire investment due to systemic issues in the underlying chain, protocols, or assets
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Yield Source
Geometric spirals as the background of the yield source card header
Percentage icon symbol
Your yield consists of trading fees from the buying and selling of SolvBTC.BBN on the Ethereum blockchain
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This pool has not been receiving any protocol incentives to encourage user deposits
Investment Strategy
Asset icon 0
This pool serves as a yield-generating account for you to earn yield on your BTC, subject to market conditions
Risk Details
Pool Fundamentals
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