📝 Pendle Trilogy: #1 I believe it's time to really focus on PT

1️⃣ Understanding PT and YT

YT = One of the components of interest-generating tokens, which generates revenue over time

PT = The capital deposited to generate that revenue

The price of YT typically decreases and converges to 0 at maturity. The price of PT will increase. Here, the increase in the price of PT means that the quantity of deposited capital is increasing, which means if it's BTC, the quantity of BTC increases, if it's ETH, the quantity of ETH increases, and if it's a stable token, that token's quantity will increase.

2️⃣ Edges that can be found in PT

For a while, there has been a boom in deposits showing enormous returns, leading to high demand for YT; however, I think we are now in a stage of finding balance, and there is still explosive demand for YT in large deposits on the first day of product launches.

In my case, during this bull market, I increased my BTC quantity every time I made profits from airdrops and altcoins; I am genuinely focused on increasing my BTC quantity. From this perspective, PT is becoming a means to increase BTC quantities in the gap of desire, no longer a strategy we don't use. With the infinite generation of altcoins, the consolidation of the BTC-centered market is likely to become more pronounced, and as a result, the increase in BTC quantity may show more remarkable performance by increasing growth rates, and it can also serve as a means to steadily accumulate BTC during downturns.

Comment

The market that consumed raw materials (BTC, ETH, SOL) to hold something has come and gone, but looking back, gathering raw materials was the way to long-term victory. In this sense, finding a decent PT pool and increasing the quantity of raw materials can be a long-term good utilization method in Pendle, and it was an article from a penguin who found it hard to buy BTC with my own money as it became too expensive.

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