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![PendleIntern Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1649260860836298755.png) Pendle Intern [@PendleIntern](/creator/twitter/PendleIntern) on x 19.2K followers
Created: 2025-07-24 05:55:09 UTC

This is even more true today than before.

Ethena PTs are now up to 10%-15% Fixed APY, even better than what the ultra junk CCC-rated bonds are offering at ~12%.

If you can stomach junk-rated cruise lines still floating on pre-pandemic hopium, or ghetto REITs with tenants like zombie startups and ghost kitchens, then surely Ethena PTs (over $6B redeemed without hiccups) are worth your freaking attention.

There's estimated to be $200-$300 Billion of money sitting in CCC-rated or lower bonds. $200-$300 Billion of money that could be enjoying a much better risk-adjusted return if they would just turn their sights to @pendle_fi.

In a perfectly rational world, Pendle should be sitting on at least $100B TVL now.

Wake up your idea, idiots.

![](https://pbs.twimg.com/media/GwmcSPibUAA12do.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948260644412854542/c:line.svg)

**Related Topics**
[$cccwa](/topic/$cccwa)
[fixed income](/topic/fixed-income)
[$6b](/topic/$6b)
[what the](/topic/what-the)
[intern](/topic/intern)

[Post Link](https://x.com/PendleIntern/status/1948260644412854542)