There's a reason behind $PENDLE's $8.2M net inflow. 🧵

II. "Huh?" - @arca just added $8.2M worth of $PENDLE. - @BinanceLabs, @TheSpartanGroup, and @HashKey_Capital already hold a decent size. - Over 42K wallets hold >$1 of $PENDLE.

III. "What's the thesis?" In short... @pendle_fi can be seen as a "stablecoin yield beta" play because @pendle_fi benefits from the stablecoin yield boom (more yield-bearing stables = more markets = more fees). "Summary below looks sick. Where did you take this?"

IV. S/o to @Infinit_Labs for their DeFi abstraction, which simplifies access and interaction with any DeFi product across multiple chains from a single point. "You mean... no more hopping between chains, wallets, and UIs? Just tap in and flow?"

VI. "Right... Is @Infinit_Labs backed by some serious capital?" In September 2024, they raised $6M from @CryptoHayes, @tn_pendle, @newmichwill, @hashed_official, @ElectricCapital, @mirana, and others. So, yes, they are backed by serious chads!

VII. Season 1 of the Yapping Campaign will run until August 7th, distributing 0.2% of the total $IN supply (the remaining 0.3% is reserved for future seasons).

VIII. Try @Infinit_Labs yourself, share your experience, climb the @KaitoAI leaderboard, and enjoy the ride. Let's remember it's all about the path to the goal, not the end goal.

Chads, are you $IN? @splinter0n @0xDefiLeo @the_smart_ape @0xCheeezzyyyy @DOLAK1NG @YashasEdu @0xAndrewMoh @eli5_defi @_SmokinTed @RubiksWeb3hub @kenodnb @lstmaximalist @2lambro @Defi0xJeff @TheDeFinvestor @Nick_Researcher @tascha_panpan