.@almanak Pendle alUSD 23 Oct pool just matured, so this is prime time if you are looking to buy YT since the new Pendle alUSD pool are already live and mature on 11 December. -- As of the results, the old alUSD pool getting matured means not many people have migrated to the new pool. Around $50m are still sitting in the old pool contract and $77m in users wallets. Only $25m are actively being used in DeFi, like Curve and Pendle. -- Since the new points update, the PT part in Pendle LP is also not counting towards pointing, making less than 20m in Pendle earn points. -- Effectively, with 5x points, there are around 120m YT earning in total 164259 points, more than 50% of overall points. With implied APY: - 15.91% - Underlying: 4.0% We expect it to rise in the coming period. This can be a perfect time to ape YT with leverage also being 55x. Consider this example: - Purchasing 100 alUSD worth of YT with a 4% underlying yield. - This can earn you 34 daily points. - Accumulating to 1,683 points by maturity. Please note, these figures may vary based on demand. If you hold till maturity, you will get back 28.03 USDC and underlying yield. With a points to token ratio of 1:1, the breakeven FDV is set at $42 million, offering a significant 50% discount from the previous Legion sale. At an FDV of $300 to $400 million, investors could potentially achieve a return on investment (ROI) of over 600%.