If you think stablecoins are the next main narrative, then @ethena_labs and @pendle_fi are worth keeping an eye on. After all, stablecoins on-chain won't just sit idle in wallets. Lending and yield are basic needs. Lending serves two purposes: leveraging and risk-free returns. The lending rates provided by @aave are currently the standard for risk-free rates in DeFi. Next is yield. Ethena's ETH short stablecoin yield is exceptionally high, especially after the increase in $ETH longs, with USDe's APY exceeding 10%. Meanwhile, @pendle_fi is the only place for on-chain yield locking and hedging, and with the recent launch of @boros_fi, which hedges CEX funding rates, it has further enriched the interest rate swap risk hedging scenarios. In the chart below, the marked positions indicate the weekly resistance levels for $ENA and $PENDLE, both of which are currently breaking through. Moreover, from a pattern perspective, the weekly uptrend for $PENDLE may have just begun. Interestingly, both tokens have formed a W-shaped wide oscillation on the weekly chart, indicating that the bottom has been established. The left-side bottom for $ENA was on September 9, 2024, peaking on December 16, 2024, after three months and one week. If we were to follow the metaphor of carving a boat to seek a sword, the current weekly level is expected to rise to around September 23, reaching the top of the W. However, it should be anticipated that there will be another breakthrough, followed by a retest of the W's high. $PENDLE is expected to reach the W top around September 5, following the same metaphor. A continued breakthrough is anticipated, followed by a retest.