Arbitrum blockchain icon
Arbitrum

Pendle gDAI Market Making (3/27/24)

This pool facilitates trades between Principal Tokens (PT) and Yield Tokens (YT) for gDAI that mature on 3/27/2024. Your yield is generated from swap fees paid by traders and token incentives.

5.6%
Yield
30d APY
C
Risk
APY
Last 90d
Editor's Take
Investment Rationale

This pool is well suited for investors who want to partially short the future expected yield of gDAI while earning swap fees and protocol rewards.

Risk Perspective

This pool is rated C because gDAI is dependent on Gains and the Arbitrum bridge.

Pool Performance

This pool is comprised of gDAI and PT-gDAI, and thus experiences no impermanent loss if held to maturity as the PT-gDAI converges to 1 gDAI over time.

Yield5.6%
30d APY
Base
5.3%
Reward
0.2%
.
TVL
$0.4M
-94.28%
last 30d
Yield
5.6%
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 consists of trading fees from the buying and selling of PTs on the Ethereum blockchain
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This pool has been receiving protocol incentives to encourage more user deposits
Investment Strategy
Asset icon 0
This pool serves as a yield-generating savings account for you to earn yield on your USD stablecoins, subject to market conditions
Risk Details
Pool Fundamentals
C
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