An update 49% days later 👀 my YT_GLP leverage

I bought the YT_GLP with an implied APR at 8,043%
Now trading at 10,86%
and, also receive leverage yield during these 49 days

Am I guccy ?

Not really. Here what I have learn :
YT are paying yield for PT
in the GLP case, the implied APY (YT) is largely above the underlying APY
That means, the cost to maintain PT yield is really expensive for YT holders. During several days / weeks, we had YT long yield APY at -90%, so your YT_holding will lost 90% of its value in one year if the implied vs underlying APY remains the same, excluding leverage yield earned

Even if you earn leverage yield and the YT price is slowly increasing, the longer you hold a position where implied >>>> underluying APY, the most you bag will lost in value

• you have to consider the high fees and slippage when you trade YT tokens on Pendle

In my case, after a +2,43% on the YT_GLP, after 49 days, my bag is at BE
Fortunately, I have earned 10% ROI of real yield in ETH

I have always trade PT/YT for a short period before (7-14 days), and I didn't realize how the yield can be destroyed when you trade an overpriced YT
And this, even if you catch the bottom of the YT

Take it into consideration fren

Some PT/YT holder here ?

snapshot.org/#/polls.lenster.xyz/proposal/0xb61f367c5a0a609a76c316f0a5032213ab430e027f67dec1dab6d9f5a4f3638b

Next week I show how Nansen is useful to find DEFi wizard
This week let's see how ChainEdge is more suitable for finding alpha🔥

Here are some features that show how ChainEdge is more easier to use :

• stable / ETH & variant / BTC are exclude
• daily summary on the altcoins trending ; today
• the New Launch Digest shows in a simple table what are the last news tokens (launched few hours ago) and the % of buyers/seller ; inflow/outflow etc ..
• easier to find / copy click wallet / token address
• Alpha stream show you the last transactions, you filter by SM tagged "New Launch Pro" , "Insititutionals" , "Gem Spotter" , "6 months top trader" , "king SM" , "early ape" and "new launch bot"
• set up your own watchlists and alerts

What is the today alpha ?

• Overview of the SM folio ; 42% ETH+variant / 17,5% stable / 40,5% alts > the historical data show the % of alts & stable is increasing while the % of ETH + variant is decreasing since early august
• $BANANA / $RLB / $BITCOIN are the most frequent stable found in SM's wallets
• but $RLB and $BITCOIN are one of the most sold atls too
• SM seems to be bullish again on $DMT ; gameFi is back ?
• $KEYS from TeleKeysTech appears to be a SocialFi platform build on top of Telegram allowing you to create private telegram channel with keys, exactly as FriendTech does on its own app
  20k inflow for a token created <24h ago , under 1M MC, that's great

KEYS caught my attention, gonna do an analysis about what it's on twitter :
twitter.com/caZUBelli

So ex-WatchePro rebranded into Scopescan
(twitter.com/0xScopescan))

I remember to try it few months ago when Arkham and WatcherPro were the two new emerging platform analytic
And didn't be convince by it

They add several new features such as :

• which tokens SM is buying / selling
• performance vs BTC (wait to it same stuff but vs ETH or DEFi index)
• "whales watch", smart feature like % hold by whales / % of this token compare to their global folio / top on-chain transactions / top exchanges in-out flow
• great visual graph to see the "money flow" of a specific wallet
• "live statistics" like VC movement / biggest CEX transaction
  & many more

I'm rarely convince by the efficiency of these tools, most of the time they are less efficient than manual on-chain analysis

But, 15 days free-trial
So, yes
Gonna try it in-depth and give you a complete feedback about it