1/27/2024 - Pendle GLP Yield Token (3/27/24) has a 30d APY of 431.03%, a TVL of 9,840,208, and an Exponential Risk Rating of C. This pool allows you to long the yield generated on GLP through Yield Tokens (YT) with a maturity date of 3/27/2024.

Pendle GLP Yield Token (3/27/24) on Arbitrum (GLP)

This pool allows you to long the yield generated on GLP through Yield Tokens (YT) with a maturity date of 3/27/2024. You profit when the future yield accrued is greater than the price of YT when initially purchased.

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

Risk

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

Reflects how much principal is at risk due to the nature of the pool`s economic design

Pendle GLP Yield Token (3/27/24)

Pool Design

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

Asset Strength

Reflects the economic design of the asset and convex relationships

Asset Tokenomics

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 how long the blockchain has been running and the total value of assets on the network

Arbitrum

Chain Maturity

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

Chain Design

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Fundamentals

Investment Rationale

Risk Perspective

Pool Performance

Editor's Take

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Yield Source

Your yield is continuously accrued from third-party DeFi platforms until maturity

This pool has not been receiving any protocol incentives to encourage user deposits