ALMANAK might be the stealth DeFi play you’re overlooking Pendle just saw its alUSD 23 Oct pool mature, meaning YT-alUSD breakeven is under $40M FDV in the new pool - perfect timing if you’re eyeing YT tokens. Old alUSD pool just matured ~$50M still in the contract, $77M sitting idle in wallets. Only $25M actively in DeFi (Curve, Pendle). That’s a lot of capital waiting to move. New Pendle pools go live and mature on 11 Dec; early movers could capture yield before the crowd migrates. Why Almanak matters: Structured DeFi yield layer ➜ deposit alUSD and earn YT from Pendle pools. Unique utility: exposure to time-decayed yields and liquid secondary markets for tokenized yield. Ecosystem benefits: integrates with Curve, Pendle, and broader DeFi strategies for maximum composability. Recent activity: Pendle X posts show pool maturations and migration stats ➜ key signals for yield arbitrage. On-chain data suggests the old pool still holds the majority of tokens ➜ potential upside as liquidity shifts. Connected tokens/projects: $YT / alUSD / Pendle Pools, Curve LPs for additional yield stacking. My take: Still early, liquidity is sitting dormant, and new pools haven’t fully matured. If you’re exploring DeFi yield plays, @almanak + Pendle timing could be worth a look.