I’m rebuilding my $PENDLE thesis around one idea: Global finance is moving onchain and its yield will need somewhere to trade. @pendle_fi captured two major yield cycles already. I think the third could be much larger: - In 2024, https://t.co/3mOtpjV9qs
- The author is rebuilding their thesis around Pendle, focusing on the on-chain trading of global finance yield.
- Past cycles were driven by restaking rewards and yield-bearing stablecoins; the next cycle is predicted to be driven by tokenized Treasuries and private credit.
- For Pendle to capture this next cycle, assets need measurable yield, rate uncertainty, liquidity, and collateral utility.
Topics: Asset types, Integration with defi, Yield performance, Financial instruments, Rwa collateral lending, Treasury bond yields
Tags: #pendle #yield #onchain #tokenizedtreasuries #privatecredit #tradfirates #defi #collateral #tvl #restaking