I researched why the community vitality of @pendle_fi is so strong, with a continuous flow of spontaneous community content production. The reasons may include the following points: 1️⃣ The tokenization of PT/YT has made Pendle a major asset issuer on the basis of interest rate splitting, with strong asset composability. For example: The interaction between PT assets and lending protocols like @aave and @SiloFinance can create many opportunities for capital efficiency. 2️⃣ YT is one of the few opportunities in the DeFi space that allows for high returns with a low capital threshold, while other DeFi protocols often require a certain amount of principal to participate and earn some money. YT essentially provides a carefully selected launchpad for users who love valuation and model analysis. Achieving high returns also helps build the reputation of the launchpad platform. 3️⃣ Based on vePENDLE governance, and derivative protocols like @Penpiexyz_io and @Equilibriafi, $PENDLE holders can be well-fed and willingly act as spiritual shareholders. The entire Pendle ecosystem allows: 1) Big whales 2) Poor guys 3) Spiritual shareholders to share the feast. In summary: There are many wealth creation opportunities, low capital thresholds, and asymmetric information on returns. While users produce content, they are also serving their own PT/YT/$PENDLE bags. So, where is the content path for other DeFi protocols? 🤔