In the current overall market pullback, which quality coins can we position ourselves in? 🚀

$PENDLE is a protocol that tokenizes future yield trading on the AMM system. Its purpose is to allow users to access yield-bearing assets and have the opportunity to earn additional returns, locking in future yields in advance, which is a coin that Yao Ge is optimistic about.

Recently, $PENDLE E has shown strong performance, with TVL [locked funds] breaking through $9 billion on August 13, setting a historical high, and the price approaching $6, with a monthly increase of nearly 30%.

There are the following positive factors:

①: Boros has launched, converting the funding rate of BTC/ETH contracts into tradable assets, attracting a large number of retail investors in a short time.

②: PENDIE has a deep cooperation with Ethena and Aava protocols, launching the PT-USDa strategy, which contributed nearly 60% of Pendle's TVL.

③: This year, a large influx of institutional funds has entered DeFi, and the Citadels compliance program launched by Pendle has facilitated institutional investment, prompting a rapid increase in TVL.

Operational suggestions:

At the current price of 5.33, you can build positions in batches, with a short-term target of 5.8, and for the medium to long term, look directly at 8 dollars.

Those who haven't entered the market can follow Yao Ge's strategy to build positions, and those who have entered can continue to hold. After reaching the target price, you can take profits in batches. If you want to know first-hand strategies for various coins, feel free to contact me!