Thread on Pendle and its V2 🧵

Pendle is a protocol that unlocks future yield. It allows for the tokenization and exchange of future yield on an AMM designed to support time-decaying assets.
Pendle creates the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for underlying
collateral.

Pendle creates the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for underlying collateral.

The V2 will bring, without doubt, several things:

• more utility
• governance to the protocol
• potentially a cross-chain deployment
• simpler UI
• more tradable peers

I am not very excited about the project on a long term for different reasons

-too many incentives

-complicated protocol for normies

-not on L2

Nevertheless, the VCs are unlocks and have already been able to sell, the chart could announce a reversal in the coming weeks, few holders.

I'm playing a Flip here on the next few months. V2 is announced for Q4 2022.

The information I have is based on a discord dialogue, at any time I am used as exit liquidity. I am willing to take that risk. Only invest what you can lose.