Last night I came across some data on Pendle that shocked me.
The liquidity of YT-satUSD+ skyrocketed to 4 million USD, with a trading volume surging by 460% in a day.
Clearly, someone is rushing for $RIVER points.
Upon closer inspection, I found out that River has increased the point multiplier to 25×.
This means: while others earn 1 point in a day, you can earn 25 points, maximizing your earning potential.
Many people still don't understand how to play this round. Simply put:
YT-satUSD+ on Pendle actually splits the earnings from satUSD+,
you can buy PT to earn stable interest (currently an annualized rate of 12.9%),
or you can buy YT to bet on the River Pts airdrop.
The key point is that this time, River's points are not just numbers, but can be exchanged in real-time for $RIVER tokens,
and you can continue to stake points to earn more points—this is the reason for its explosive growth.
If you invest 1000U now, under the condition that the multiplier remains unchanged,
you can statically earn about 70 to 170U, with an annualized return of roughly 35 to 80%.
Of course, if market sentiment changes, these numbers could change drastically.
You also need to be aware of the risks:
the interest rate of satUSD+ could drop, which would compress your earnings;
YT itself is highly volatile, and if the market cools down, it could drop faster than you expect;
River's new mechanism is still in its first round and hasn't experienced a bear market yet.
If you want to participate, the strategies are different:
conservative players hold PT for interest;
aggressive players trade YT for points.
In any case, this isn't about someone calling the shots, but rather the incentive model is truly effective.
Smart people are calculating returns, while the bold are already betting on probabilities.
@RiverdotInc @River4fun
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