yUTY's yield is now tradable on
@pendle_fi and loopable on
@eulerfinance, on
@base.
Pendle opens the next 11 weeks at 11% implied. Euler lends USDC against yUTY at 5.5% to 8%.
Season 2: 5x points on YT notional, 8x on LP for 30 days.
Need more capacity than the pools show? DM us or reach out on Discord (
discord.gg/fdxe4efA2M).
New Options:
Long the yield (YT): collect yUTY's yield and 5x points on full notional until 17 Dec, less Pendle's 5%. Before points, it pays if yUTY averages above the implied rate you pay. Worth zero at maturity.
app.pendle.finance/trade/mar…
Rate set at entry (PT): buy below 1 UTY, redeem 1 UTY worth of yUTY per PT at maturity. The price you pay sets your rate. No points. PT absorbs any drop in yUTY's value.
app.pendle.finance/trade/mar…
Make the market (LP): PT and yUTY yield, 20% of swap fees, PENDLE rewards, and 8x points for 30 days, then 4x.
app.pendle.finance/trade/poo…
Carry (Euler, curated by
@jpegtrading): borrow USDC against yUTY at a variable rate, 5.5% at 0% utilization to 8% at the 95.5% kink, 10% max. Loop up to 3.3x with Multiply. 70% max LTV, liquidation at 90%. yUTY is priced at its exchange rate and UTY by a RedStone fundamental feed, so a secondary-market depeg alone will not liquidate you. Posted yUTY keeps its yield and 1x points.
app.euler.finance/borrow/0xF…
Lend (Euler): supply USDC, earn what the loopers pay, plus 3x points.
app.euler.finance/lend/0xcc6…
No price bet: hold UTY (dollar-pegged, not yield-bearing) for 8x points at
app.yieldpoint.io.
Exits: Pendle pays out in yUTY. yUTY to UTY is instant; UTY to USDC takes 7 days.
Season 2: UTY 8x, YT 5x on notional, Pendle LP 4x (8x for the first 30 days), Euler USDC 3x, yUTY 1x, PT none. Pendle multipliers will not be cut before 17 Dec.
These strategies carry smart contract, market and liquidation risk. yUTY distributions vary and are not guaranteed, and past distributions do not predict future ones.