LP-csUSDL on @pendle_fi is quietly (shh) one of the best R:R plays in DeFi right now

not just “providing liquidity”...it’s:

- stacking multiple sources of yield

- locking in fixed income

- farming boosted points

- positioning for a solid airdrop

here’s the breakdown:

if you enter the csUSDL pool on Pendle via the “zap in without YT” option, your capital gets split into:

- 75% SY (standardized yield token): which earns native USDL yield (~2.8%)

- 25% PT (principal token): which matures back into 1 SY at expiry (~2.4% gain)

- + Pendle incentives (~4.1%)

- + swap fees (~0.65%)

that alone gets you a (TASTY) ~10% base APY, completely passively

BUT the kicker is in the SHIFT points:

csUSDL is sponsored by @0xCoinshift which means the SY part of your LP position earns 20x points until maturity (july 31)

conservative assumptions: $150M FDV at TGE, 5% allocated to points, nets you an extra ~$20.83 per $1k in under 3 months (...)

add it all up: ~$75 from base yield +$20 from SHIFT points = ~$95 return on $1,000 in 66 days (52% annualized ROI)

and that’s just the baseline (what?)

if you want to push it further, you can stake your LP-csUSDL on platforms like Magpie to boost your Pendle rewards from 4% → 8% (which pushes your total APY from 10% → 14%) and your ROI from 52% → 75% annualized (EVEN tastier)

still with the same underlying exposure, same maturity, same passive structure

that's some very (nearly) sure thing yields, with clearly defined timelines, multiple incentives and compounding in your favor

I don't know about you (hello nice to meet you), but to Linn that seems like a purdy damn good dealeroooni

dc: Linn is an ambassador for Pendle, Linn will say good things about Pendle because they are amazing, this post is in collab with Coinshift, Linn has many stables in PTs