<Pendle Alpha-how to get cheap @FalconStable points> Farming Falcon points via yvBal-GHO-USDf currently appears more cost-effective, especially after the recent spike in sUSDf’s implied APY. With the same capital input, the amount of points earned is roughly the same. Moreover, the gap between implied APY and underlying APY is smaller. The expected principal loss at maturity is only around 50% (compared to 83% for sUSDf’s YT), and the term is 185 days (vs. 60 days for sUSDf). The downside is that the base yield is relatively unstable.

Because sUSDf on @pendle_fi 36x falcon miles yvBal-GHO-USDf on @pendle_fi 60x falcon miles