Pendle and the project team often have conflicts of interest, from Ethena, Universal to Spark now. Let's talk about the interests of all three parties below. The holders of the VEPendle and the Pendle project party feel that the mint pt+yt of the revolving loan did not pay any cost to the Pendle, thus urging the project party to unilaterally slash points on the cyclist midway. This kind of thing disrupts the player's expectations midway and causes significant damage to the project, leaving a root cause at that time; The original intention of the project party is to expand and strengthen TVL, and the recycler is actually a key growth customer. Ethena has solidly increased 2B+tvl through aave and morpho. From the perspective of loop players, they did not bring any profits to Pendle, but they also paid interest to Aave and Morpho in a solid manner. Therefore, it is unreasonable to punish yt. The way to solve the dilemma, I have a small suggestion. For this type of pool, should Pendle directly charge a mint fee, which is beneficial to all three parties and avoids tangled debates.