Correction: The huge YT of revolving loan players has brought 5% of Pendle's gains.
Pendle and the project team often have conflicts of interest, from Ethena, Usual to the current Spark, let's talk about the interests of the three parties. The Vependle holder and the Pendle project team felt that the revolving loan mint pt+yt person did not pay the cost to Pendle, so they urged the project party to unilaterally slash points to the revolving person in the middle of the process. This kind of thing, which destroys the player's expectations halfway, will cause great damage to the project, such as usual, which left a bane at that time; The original intention of the project team is to make TVL bigger and stronger, and the recycler is actually a very key growth customer. For example, ethena has increased its tvl by 2B+ by relying on aave and morpho. From the perspective of recurring players, they did not bring Pendle any benefits, but they also paid interest to Aave and Morpho, so it is unreasonable to punish YT. To solve the dilemma, I have a small proposal, for this kind of pool, whether the pendle side directly charges a mint fee, so that it is beneficial to all three parties and avoids entangled arguments.
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