13min chapter

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Pendle Ripped in Early 2024, But Usage Has Slowed Down. Can It Recover? - Ep. 693

Unchained

CHAPTER

Unpacking the Pendle Looping Strategy

This chapter explores the intricacies of the looping strategy used by Pendle users to enhance their Principal Token exposure through money markets. It examines the mechanics of leveraging, the relationship between market demand and implied leverage, and potential risks involved. Additionally, it addresses the significant decline in Pendle's Total Value Locked and outlines strategies to regain user interest, highlighting the potential opportunities within Bitcoin.

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