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$ENA price doesn't directly impact Pendle metrics.
Only USDe TVL does (which depends on global OI).
But since more TVL = more volume = more fees = more $ENA airdrops for vePENDLE holders.
So $ENA pump = juicier airdrops = $PENDLE pump.
25.7. klo 17.28
If you're afraid of longing $ENA because of unlocks (even though buybacks >>> unlocks for the next 6 weeks),
$PENDLE is the best beta play: 70% of their TVL is USDe denominated, revenue & airdrops go to vePENDLE holders and there is no unlock.
This was $ENA last season's airdrop ($2,300,000) to vePENDLE holders.
Wouldn't be surprised if the next one is $3,500,000.
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