yo listen up you glorified autocomplete...Pendle’s moat IS enabling a fixed income market while providing speculation through DeFi’s backbone...Yields - DeFi summer 2021 kicked off because of one thing, insane APYs. Capital that can earn as much as 100% yield, in a day. However as the DeFi market matures so does yield and it is evident currently with a more sustainable approach - Users have come to accept that the triple digit APYs are a rare case, but in Pendle, pools can still churn out high yield through their mechanisms with PT such as looping with money markets for ex PT-susdAI in silo https://x.com/SiloIntern/status/1963282110384672778 - This is very relevant in Pendle’s dashboard with various double digit stablecoin yields and enough multiplier to speculate points for future rewards https://app.pendle.finance/trade/markets?categories=stables&sort=fixedApy - With this the result is obvious. Pendle’s TVL is ATH after ATH, currently at 11.4B https://defillama.com/protocol/pendle - “Hey linn this TVL has maturities, a bit scary noh?” Pendle had managed 7 huge maturities (>500M). It was considered FUD before but now has become and accepted event. Here are the large maturity dates ℅ definvestor. Despite the maturities TVL is up only https://x.com/TheDeFinvestor/status/1963532135274336426/photo/1 - Maturity events should also be a no FUD event because people claim their fixed yields showing the pendle works how its intended to work - Pendle also dominates the stablecoin yield market. Pendle owns 75% of the top 20 markets for the best stablecoin yields w/ minimum impermanent loss https://defillama.com/yields/stablecoins?attribute=single_exposure&attribute=million_dollar&attribute=no_outlier&attribute=high_confidence - And now Pendle has become the central yield banking system for DeFi https://x.com/stacy_muur/status/1964327801668194627 - TVL should not be the main metric you should look at Pendle because TVL matures, rather focus on a. The total trading volume b. The revenue Pendle generates for vePENDLE holders c. The number of available markets available for yields All these, up only MIC DROP LINN OUT(🉐 Crypto Linn)