I'm hearing $300 in YT-sKAITO got you $300 in $NEWT.
Congrats to those who took the risk and double'd down on airdrop hunting. If you decide to hold it until the end any airdrops in July are free money or you can cash out your YT-sKAITO and call it a win.
@tyler_of_web3 On Pendle, but I'd suggest reading a post a made to understand how it works. Made it around the HUMA airdrop but the information is just as useful.
Educational moment for Pendle and @KaitoAI.
For the $HUMA airdrop you needed at least 100 staked $KAITO OR 100 YT-sKAITO
100 sKAITO is worth $208
100 YT-sKAITO is $12
So why doesn't everyone just go for YT-sKAITO? Because YT-sKAITO loses value over time. It's like ice melting in your hands and it's value goes to 0 by the end of the maturity date (July 30th).
So buying YT-sKAITO is 100% a bet that the airdrop rewards will pay better than the value of the YT-sKaito.
If the value of YT-sKAITO goes to 0, where does the value go?
To PT-sKAITO. If you hold PT-sKAITO the value only goes up over time until the maturity date BUT you don't earn any airdrops from it. With the current airdrop hype, the APY for PT-sKAITO is 44%, which is nuts.
That's how the @pendle_fi game is played.
@tyler_of_web3 On top of that if you want a video I had made one earlier as well
What is Pendle?
I've been asked this a lot since @KaitoAI announced the launch of $sKAITO on Pendle. So here's a quick 5 minute breakdown simplifying what's going on so you can get an idea of @pendle_fi.
Chapters:
00:00 Intro
00:35 What is Needed for a Pendle Pool
01:28 Pendle's Famous PT and YT
02:05 Pendle Example (Yield Trading)
03:48 Yield Generated by Pendle
04:41 Closing Recap
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