DeFi Alpha: Earn 60% Fixed APR on ETH with Pendle Principal Tokens

gm Defiers! Here's today's alpha:

• Market analysis (more consolidation)
• Dispatch from the trenches (Wormhole airdrop, Ethena and more)
• Pendle tutorial

Featured Yields and Hot Airdrops now have a dedicated section on the website!

Market Analysis

Global markets saw another bout of volatility last week after Fed member Kashkari signaled the possibility of no rate cuts this year, and crypto was no exception.

While Bitcoin has recovered most of its weekly losses and trades around $70,000 again, most altcoins are trading lower than they were last week — ETH is down around 6%.

ETF inflows remain positive — over $500 million poured in last week.