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Perps volume on @neutron_org did +14% in the last 7D. There's a couple of interesting things in this eco, and I wonder why I'm not seeing too many CT chads talk about it yet. So, let me share this one really quick. @neutron_org has nearly doubled its TVL since the last notable dip in August 2024 ($14.12m > $34.2m) There haven't been a major airdrop in this ecosystem since the one done by @neutron_org in 2023, where 70M $NTRN (7% of the total supply), was distributed to $ATOM stakers & voters. Now, @dropdotmoney is the biggest LSD on @neutron_org, but no native token yet. However, they raised $4M led by @coinfund_io last year (2024). 10% $DROP tokens is allocated for phase 1 participants in the "droplet" event which ended a few months ago. Phase 2 is live and 5% DROP tokens is allocated to participants, then TGE follows next. My strategy? It's simple: earn droplets via $NTRN in a delta-neutral style. Follow my guide here: [Capital ≈ $1k. This will buy you ≈ 9,569 $NTRN at current price of $0.104] 1/ Buy spot $NTRN via @mars_protocol 2/ Visit @dropdotmoney, and stake $NTRN to receive dNTRN which tracks $NTRN 1:1. Fyi, dNTRN is a 1:1 LSD of $NTRN. You'll use this to LP and trade. 3/ LP dNTRN/NTRN on @astroport_fi To LP, you need equal value of both assets (dNTRN & NTRN), So, withdraw $200 dNTRN, swap $200 dNTRN to $NTRN, then LP them in the dNTRN/NTRN pool. - This earns you 10x droplets - You’re now long $NTRN twice through LP & the rest of your dNTRN 4/ LP dNTRN/USDC on Astroport Withdraw $300 worth of dNTRN from Drop, swap half of it ($150) to USDC to form a balanced LP position, and LP in dNTRN/USDC pool via @astroport_fi Note: we're leaving $300 so we can use it as collateral later on. Result: - earn 50x droplets - still long $NTRN here via dNTRN - but introduces IL risk due to pairing with USDC. So we need to hedge. 5/ Hedge $NTRN exposure via perps on @mars_protocol The idea is to be delta-neutral, since you're exposed to price fluctuations via $NTRN, you'd need to offset your long exposures which are: - $400 LP in dNTRN/NTRN pool @astroport_fi - $150 LP in dNTRN/USDC pool @astroport_fi So, short $550 worth of $NTRN perps at 1.83x leverage via @mars_protocol, using the remaining dNTRN minted from @dropdotmoney as collateral, but if you're monitoring closely, you may stay around 1.1x–1.3x for safety. I think it's a dynamic move since you can use the remaining $300 worth of dNTRN as collateral. Also, this move earns you 5x droplet multiplier per $ worth of your asset. Overall results: - earning 10x droplets on dNTRN/NTRN LP - earning 50x droplets on dNTRN/USDC LP - earning 5x droplets via Mars collateral - fully hedged against price volatility via perps - Delta-neutral & yield-maximized. Enjoy your LSD farming. / Marve's out :)

why pendle is undervalued at $3.78: tokenomics, audits & growth drivers by mesh, crypto content writer – august 3, 2025 in the volatile world of defi, where hype often overshadows fundamentals, pendle finance stands out as a protocol quietly building the future of yield trading. yet at a price of just $3.78 and a market cap of $627.48 million, $pendle still looks undervalued. • tvl has climbed to $6.835 billion a major jump from early 2025 levels • annualized revenue sits at $45.68 million • pendle is gaining ground not just surviving this market dip this post breaks down why pendle’s token model, security and growth drivers make it one of the most overlooked tokens in defi. if you're hunting for asymmetric upside, keep reading. pendle's tokenomics: a sustainable flywheel built for long-term value @pendle_fi tokenomics are built around real utility, not hype. the $pendle token fuels the vependle system where users lock tokens, earn a share of fees, and vote on incentives. → this creates a feedback loop that rewards long-term holders and powers protocol growth. • supply: circulating supply excludes locked tokens, multisigs, team funds, and ecosystem reserves ➥ team/investor tokens fully vested by sept 2024...emissions now go only to incentives • emissions: started at 216k/week in sept 2024, decreasing by 1.1% weekly until april 2026 ➥ post-2026: inflation flattens to 2% annually • vependle: locked tokens earn voting power and fee share, while being removed from circulation ➥ dynamic caps ensure high-performing pools get most incentives • fdv: $1.065 billion...low relative to $6.835b tvl, pointing to long-term upside critics point to high emissions through 2026, but recent updates like asymmetrical caps have freed up ~50% of emissions for more impactful use. → vependle holders now direct emissions toward pools that matter (e.g., for institutional yield sources) yes, pendle’s design can feel complex (e.g., pt/yt mechanics), but tooling is improving fast. ai agents from partners are simplifying user flows and unlocking retail value. ➜ tokenomics favor sustainability, not short-term pumps a setup for real value accrual as defi matures. rock-solid security: audits that build trust security is the baseline and not a bonus. pendle’s contracts have been audited by top-tier teams. • ackee, dedaub, dingbats - reviewed core contracts, solvency, and logic • chainsecurity - focused on arithmetic safety and oracle precision in v2 • least authority - confirmed no major vulnerabilities in smart contracts • code4rena wardens - community-led audits, catching edge cases in yield design • halborn - audited 2025 strategies like jigsaw finance integrations → pendle has never suffered a major exploit. in a space full of rug pulls, that track record matters. ➜ strong audits + open-source code = a protocol that deserves higher trust premiums growth drivers: from $6.8b tvl to defi’s fixed income layer pendle is not just yield trading its core pitch has evolved. it’s becoming the fixed income backbone of defi just like i always say. • tvl: $6.835b locked ➥ driven by integrations like hwhlp (hyperevm) and t-receipts (terminal finance) ➥ 87% of tvl is in stable vaults - sticky, low-volatility capital • revenues: $46.43m in fees, $45.68m in protocol revenue • new use cases: boros yield perps launching this month, plus converge (tokenized securities) • key partners: @ethena_labs (sUSDe at 40% peak usage), @Terminal_fi , @AlchemyPay (fiat on-ramps) → strategies like basis trades (20%+ apy) and yt leverage (up to 340%) are bringing in serious capital • user metrics: over 70k new users in h1 2025 • dex volume: $4.519b in the last 30 days • efficiency optimizations: yt fee increases to 7% with minimal churn analyst price targets? some put $pendle at $9+ by eoy largely driven by institutional flows and protocol upgrades. final thoughts: time to buy the dip? at $3.78, pendle still trades well below where fundamentals suggest it should be. → supply is under control → audits are airtight → revenue is growing → use cases are expanding → users are piling in with annualized earnings at $19.38m and incentives at $26.3m, pendle is maturing into a full-blown defi yield platform. emissions and complexity are hurdles but they’re being solved. ⬇️ your move: does pendle belong in your portfolio? follow for more defi deep dives, and drop your take bullish or bearish on $pendle? big week ahead for pendle(insider info i guess) disclaimer: this is not financial advice. crypto investments carry risks. also a financial advice but dyor