In this conversation, Dan from Pendle discusses the recent announcement of sPENDLE, a new token model that aims to simplify the user experience and address the limitations of vePENDLE. The discussion covers the evolution of vePENDLE, the challenges faced, the mechanics of the new sPENDLE model, and the implications for liquidity and market dynamics. Dan also shares insights on the buyback mechanism and the future outlook for Pendle in the DeFi space.
---------

Follow Marco's Twitter https://x.com/ManoppoMarco/

Follow Lambro's Twitter https://x.com/2lambro/

Follow Dan's Twitter https://x.com/DDangleDan/

Read our free newsletter for the next best web3 products, strategies, and trends. Join 17,000+ web3 builders and investors at: https://launchy.app/

--------
Chapters

(01:00) Intro: Live with Dan from Pendle
(02:41) The History of vePENDLE (Curve Wars Origin)
(05:23) Why vePENDLE Failed: The "Unproductive Pool" Problem
(09:02) The Announcement: Introducing sPENDLE
(10:35) No More Locks: Transitioning 2-Year Lockers
(13:11) The "30% Emission Cut" Alpha
(14:20) sPENDLE Yield: Estimating 12-17% APY via Buybacks
(17:56) Boros Protocol: The Funding Rate Play
(25:25) Cross-Chain PTs: Expansion to Solana & Ton
(28:26) Is the "Points Meta" Dead? (The Future of Yield)
------------------------------
Disclaimer
All views expressed by the me is solely my opinions. I may maintain positions in the assets discussed in this podcast. This podcast is for informational purposes only and nothing in the podcast is intended to be financial, legal, or even life advice.