Arbitrum blockchain icon
Arbitrum

Pendle GLP Principal Token (3/27/24)

This pool allows you to lock in a fixed return on GLP that is dependent on the market and current Principal Token (PT) price. This pool acts as a zero-coupon bond with a maturity date of 3/27/2024. Your yield is represented by a claim on the underlying asset at a future time.

11%
Yield
30d APY
C
Risk
APY
Last 90d
Editor's Take
Investment Rationale

This pool is well suited for investors who want to short the future expected yield of GLP.

Risk Perspective

This pool is rated C because GLP is dependent on GMX and the Arbitrum bridge.

Pool Performance

This pool will move against you if the underlying GLP yield increases relative to the implied yield when you entered the pool and vice versa.

Yield11%
30d APY
Base
11%
Reward
0%
.
TVL
$6.6M
-34.1%
last 30d
Yield
11%
APY 30d
Earnings
$0.1M
Last 30d
Protocol
Summary
Risk
Fundamentals
Risk of losing your entire investment due to systemic issues in the underlying chain, protocols, or assets
C
Yield Source
Geometric spirals as the background of the yield source card header
Percentage icon symbol
Your yield is generated at maturity from buying the PT at a discount from its face value
Medal award icon symbol
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 GLP, subject to market conditions
Risk Details
Pool Fundamentals
C
Discuss
Connect on Discord
Join our community of investors to discuss pool ratings, tips, and the latest DeFi news.
Join now
Custom Discord logo with chat bubble attached