amazing quarter for syrup and drips. Some interesting tidbits from my side analyzing this all week:
- base Syrup yield is still outperforming every single comp on the market
- throw in drips on top and it's not particularly close
- those who played with Morpho / Pendle were well into the double digits, we saw wallets getting 20%+ looping syrupUSDC + PT-syrupUSDC
- 6 month commitment >10%
- yields increased for every single lender except base lenders (deposit with no time commitment and don't do anything with their syrupUSDC)
all of this despite rates compressing onchain throughout the market over the last three months
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