我的DeFi T2持仓 - Pendle $Pendle 应该是我除了 $AAVE $SKY $UNI 以外持仓最多的DeFi山寨,说说我的理解: (1) 我最认可的一个点是它提供了小资金玩DeFi的环境,这个是其他项目无法做到的,没有之一,是我心里的护城河。 (2) 我个人买过几次PT,收益不足够高的情况下不做循环贷,YT很少买。 (3) 利率市场理论上很大,但在积分出现之前,DeFi市场收益大多数是可预测性较强的,而Pendle需要的是收益的不可预测性和波动性,积分与Pendle简直是天作之合,这是Pendle崛起的重要原因,但也带来相应的问题,就是如果积分退出历史舞台,收益市场在未来可能会回归可预测的趋势,那么Pendle的市场就可能缩水。 (4) 当然,没有积分,未来可能还会诞生其他增加收益波动的方式,这是市场趋势,所以这个问题算是一个缺角,不算致命伤。 最后是Pendle的团队和产品打磨能力都相当出色,在这个DeFi枯水期冲浪,十分难得。
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