TN Lee is the CoFounder of Pendle Finance and a CoFounding member of Kyber Network.
In this episode, we explain Pendle Finance and provide a rare guide to DeFi yield trading strategies within the increasingly popular protocol. Pendle was a breakout star in DeFi during the doldrums of the crypto bear market, and if you listen to the ethos behind TN Lee, you'll soon understand why. Pendle aims to reimagine the traditional finance interest derivative market, worth over $400 trillion in notional value, but instead as a trustless DeFi money lego, where anyone with a crypto wallet can execute yield strategies such as earning fixed yield or longing the stETH yield rate.
We would highly recommend watching the podcast here on Youtube for rich visual examples, which brings many of these yield trading strategies to life with screensharing on the Pendle app.
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Timestamps
00:00 - Intro
04:12 - TN's background and founding Pendle Finance
10:07 - Why has the DeFi fixed yield use case struggled
12:11 - What is Pendle Finance?
13:53 - Yield tokenization
16:54 - How Pendle Earn works
21:40 - Pendle AMM and Pendle LPs
24:30 - Strategies for profitability in Pendle LPs
28:15 - The best yield trade explained
31:21 - Pros and cons of YTs
34:47 - What happens when we buy YTs
37:17 - vePENDLE and its utility
39:04 - Pendle Wars
41:32 - Reflections on insane growth
49:23 - TN's favorite Pendle strat and roadmap updates
52:38 - Closing
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? Guest Links ?
► TN Lee on Twitter: https://twitter.com/tn_pendle
► Pendle Finance on Twitter: https://twitter.com/pendle_fi
► Learn about Pendle Finance: https://www.pendle.finance/
► Pendle Earn: https://app.pendle.finance/earn/fixed-yield
► Pendle Trade: https://app.pendle.finance/trade
► The Pendle Yield-Trading Handbook: https://handbook.pendle.finance/
► Pendle docs: https://docs.pendle.finance/
► Pendle Guide to Profitable Yield Trading: https://app.pendle.finance/trade/education/learn?level=0
► "The Best Trade of All Time" on Pendle: https://twitter.com/pendle_fi/status/1678781288759824386
► Links to Term Discord, Telegram, and Medium: https://linktr.ee/term.finance
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? The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.