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TL;DR in one sentence:
Buy YT from the Ethena system, if hedged at 0.7.
The implied APY corresponding to the September pool is as follows:
sUSDe 15%
tUSDe 17%
Left a little buffer.
NFA DYOR

10.8. klo 11.27
🧵<Ethena YT ALPHA>
Based on the current rewards growth rate, sUSDe (25 SEP), tUSDe (25 SEP) and pUSDe(16 OCT) on @pendle_fi are still significantly undervalued.
@Terminal_fi @strata_money
Here's the reason and strategies👇

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