Hidden PENDLE arbitrage strategy!🤫
Earn FREE money before others find out...💸
Whether you are $PENDLE believer or not, you don’t want to leave easy money on the table.❌
Table of contents:
1️⃣Secret strategy
2️⃣How this strategy works
3️⃣Step-by-step-guide
1️⃣What’s the secret strategy?🤔
-Liquid wrappers=Penpie
Penpie allows you to convert your PENDLE to mPEDNLE to receive rewards:
💰| $PNP
💰| $PENDLE
mPENDLE also uses the OFT standard by LayerZero, which means it can be bridged between ARB, BNB, and ETH networks.
Details👇
This allows you to have liquid PENDLE instead of locked-vePENDLE🔓
2️⃣How this arbitrage strategy works?⚙️
When you convert PENDLE to mPENDLE you should be able to convert it back as well.🔄
But ideally, you would need a strong peg of 1:1
Currently, that’s not the case…❌
If we check the Wombat Exchange peg, it is around 81%.
If you want to convert mPENDLE back to the original PENDLE, you would get 0,81 PENDLE for 1 mPENDLE.
You want to get 1:1 ratio✅
That’s where our money-making opportunity comes into play!🤑
Example:
If you convert 5000 PENDLE, you would get 5565 mPENDLE
When the peg comes back to 1:1, that’s 565 free PENDLE🤯
At the current price of 0,7$, this is ≈ 400$💸
But here is the bonus!🎁
Since Penpie is currently running the 4th PENDLE Rush, you also get:
$vlPNP
RDP IDO allocation
As you can see, with 5k PENDLE, you would also get ≈ 281$ worth of $vlPNP💰
$vlPNP can be converted to $PNP with 60-day unlock period.🔓
In total that’s 281$ + 400$ = 681$💸
3️⃣Step-by-step guide👇
The rule of thumb is:
The more PENDLE you convert, the better conversion rate for $vlPNP you’ll get.🔄
Steps:
Approve and convert the desired PENDLE to mPENDLE
Get converted mPENDLE in the Stability vault
Get $vlPNP immediately(you can vote for more rewards with it)
This mechanism was put in place to ensure people won’t collect rewards and dump mPENDLE and PNP immediately on the market.👌
The stability vault has a 30-day unlock period.🔓
When will peg go back to 100%?🤔
Penpie introduced a few mechanisms to restore Peg.
One is the Stability vault.
It was designed to reward long-term supporters of mPENDLE in a way that limits further mPENDLE selling therefore restoring peg.
This was shown working strategy with WOM, bringing the mWOW peg to ≈97%
Even if it goes to only 90-95%, you secured profit as you converted with 81%.👌
While you wait for a peg to restore, you earn juicy rewards in:
PENDLE
PNP
Bribes from vlPNP voting
RDP IDO allocation
If you are a long-term believer in PENDLE, you should be fine with waiting for peg recovery.📈
TL;DR
Convert PENDLE to mPENDLE
Get more mPENDLE as the peg is not 1:1
Earn passive income(PNP and PENDLE) while waiting for peg to restore
Convert mPENDLE back to PENDLE to get free PENDLE you got with arbitrage
In the meantime, while we wait for the bull market and liquidity to come back, we should:
Learn new skills🧠
Build connections🤝
Lower our expenses📉
Increase our income📈
Analyze our past mistakes✍️
Practice delayed gratification🙌
If you are still here:
➡️You survived one of the longest and bloodiest bear markets in crypto.
Don’t quit now!❌
Become 1% better every day.🤏
Improve yourself daily and be patient.🚀
“In investing, what is comfortable is rarely profitable.”
-Robert Arnott
If you are interested in trading Perpetuals, you can get up to 10 % fee discount👇
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