4/6/2023 - Pendle GLP Market Making (3/27/24) has a 30d APY of 19.45%, a TVL of 10,228,931, and an Exponential Risk Rating of B. This pool facilitates trades between Principal Tokens (PT) and Yield Tokens (YT) for GLP that mature on 3/27/2024.

Pendle GLP Market Making (3/27/24) on Arbitrum (GLP)

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

GLP is the liquidity provider token for the GMX protocol that allows traders to long or short crypto assets with leverage. It is composed of a basket of crypto assets including BTC, ETH and stablecoins. GLP floats freely based on the value of the underlying basket of assets and serves as the counterparty for traders' wins and losses.

This pool serves as a yield-generating account for you to earn yield on your GLP, subject to market conditions

Investment Strategy

Fundamentals

Economics

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Asset Strength

Code quality of the underlying smart contracts

Pendle

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization

Arbitrum

Chain Design

Pool Fundamentals

Reflects how exposed the pool is to leverage or undercollateralized assets for lending protocols

Pendle GLP Market Making (3/27/24)

Collateralization & Leverage

The potential loss incurred when investing in a liquidity pool versus holding the assets separately outside the pool

Impermanent Loss

Assessment of yield sustainability due to organic market demand or high incentives

Yield Outlook

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Economics

Investment Rationale

Risk Perspective

Pool Performance

Editor's Take

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Yield Source

Your yield consists of trading fees from the buying and selling of PTs on the Ethereum blockchain

This pool has been receiving protocol incentives to encourage more user deposits