Comparison of the 3 Pendle Pools Following the existing sUSDf of Falcon, I compared the USDF / yvBal-GHO-USDf pools that have come up on Pendle. 1. sUSDf - Expiration on 9/25 (74 days left) - Price 0.0243 with a 41.17x Multiplier effect - 36x Miles allocation - Earn sUSDf interest (currently 9.74%) - Based on expiration, 109675 Miles points per $1 / 81% recoverable at $0.81 * However, this is if the current interest rate of 9.74% is maintained 2. USDf - Expiration on 1/29/26 (200 days left) - Price 0.0425 with a 25.53x Multiplier effect - 60x Miles allocation - No underlying APY (self-interest) = funds cannot be recovered at expiration - Earn 197647 points per $1 based on expiration 3. yvBal-GHO-USDf - GHO-USDf LP managed by Yearn's Balancer - Expiration on 1/29/26 - Price 0.0320 with a 31.23x Multiplier effect - 60x Miles allocation - Currently earns about 10.25% interest from GHO-USDf's Swap Fee / BAL rewards / GHO rewards, but it seems Pendle's underlying APY only calculates the Fee (to be confirmed) - Based on expiration, 262336 points per $1 / 18% recoverable at $0.18 The effects may vary depending on the TGE timing, but by the end of Q3, considering the recovery rate, sUSDf has a clear victory, and if yvBal-GHO-USDf can receive BAL/GHO interest, it can recover 175% of the principal at expiration, making it a clear win in any case. I will post this once confirmed. Falcon Referral 1. Give 15% to the referrer: 2. Give 4.5% to the referrer and take a 10.5% bonus for yourself: 3. Referrer 7.5% / your bonus 7.5% split: If needed, DM me for a referral link to earn 13.5%.