Pendle price

let me bring you up to speed with some intersting things that is happening on @makinafi - season 1 is in full speed now, cap for $DBIT, $DUSD and $DETH raised and now almost filled pushing TVL to $97M (wen break $100m?). - ICO is confirmed to happen in November and already on @legiondotcc (you need verification by Legion to join). - season 0 depositors can now see there priority ICO allocation on there dashboard (mine was too small so I had to cover it). - Makina integrated $DUSD into Pendle with up to 5x multiplier for YT-DUSD ( i have already aped in and will soon share my takes on it). - NFT drop is coming made by REDACTED ( i am eager to snatch this one but it seems that its for TOP depositors) - APY on pools is expected to grow as @Dialectic_Group starts allocating assets to different yield opportunities. Migration happened last week and I am keen to see what comes up next (target is 10-15% APY) - @CurveFinance guage proposal for MTs passed and thus CRV emissions will go live to the MT pools on curve. many more things are coming up for @makinafi in the next few months.

sfrxUSD from @fraxfinance just landed on Equilibria with a 250% vePENDLE boost. The staked version of frxUSD dynamically reallocates between carry-trade, AMO, and T-Bill strategies to capture the highest onchain yield. Turn your ~17% base @pendle_fi yield into ~28% boosted APY — the Neon Green way.⬇️

.@Lombard_Finance, @build_on_bob, and @arbitrum, how can we build a hybrid Bitcoin capital market? Summary Lombard's yield-bearing $LBTC and BTC.b provide movable Bitcoin liquidity, while BOB builds an EVM-compatible execution layer secured by Bitcoin along with the BitVM bridge. Arbitrum offers deep DeFi liquidity and stable market infrastructure based on Ethereum. The three chains combine Lombard's CCIP-based lock-mint bridge, BOB's BitVM peg and OP-Stack bridge, and Arbitrum's rollup bridge or LayerZero router to move BTC within about 1-2 hours, deploying the same Solidity code on both L2s and returning Babylon staking yields and DeFi fees to Bitcoin holders. As a result, a circular structure is formed where Bitcoin collateral simultaneously earns base yields from Babylon, leveraged yields from BOB, and capital market yields from Arbitrum. 1. Liquidity Bridge Structure Bitcoin is converted to LBTC through Lombard's CCIP bridge and then moves through BOB's OP bridge and Arbitrum's rollup bridge. Each segment maintains a processing time of around 1 hour and low fees, combining different security models such as Chainlink's proofs, BOB's anti-fraud structure, and Arbitrum's rollup validation. With the future introduction of BitcoinOS's ZK bridge, trust-minimized transfers are expected to be possible in about 30 minutes. 2. Developer Environment and Compatibility Both BOB and Arbitrum have full EVM compatibility, allowing the same bytecode to be deployed on both sides. BOB provides an SDK that integrates with Bitcoin wallets, and Arbitrum supports WASM-based extensions through Stylus. Developers can easily deploy the same code to both networks using Hardhat commands. 3. Revenue Structure Fundamentally, Lombard's LBTC earns about 1% base yield through Babylon staking. After depositing into BOB's Veda vault, an additional yield of 4-8% can be generated, and further interest and fee income arise from Aave, GMX, Pendle, etc., on Arbitrum. Overall, the combined yield rate of the three chains exceeds 6%, and the earnings are automatically converted to Bitcoin for reinvestment. 4. On-chain Liquidity Status As of October 2025, Arbitrum's BTC-related TVL is approximately $890 million, BOB's is about $250 million, and Lombard's is around $1.3 billion. Arbitrum has liquidity concentrated around large DeFi protocols, while BOB shows rapid growth even in a testnet state. Lombard forms the foundational liquidity of the three networks based on a multi-chain approach. 5. Risks and Design Trade-offs Lombard forms a social trust layer with a multi-signature structure involving 15 institutions and complements it with Chainlink's proofs. In contrast, BOB's BitVM aims for complete decentralized verification but has high Bitcoin fees. The rollup of Arbitrum and the challenge period of BitVM may delay capital rotation, but LP's deposit guarantees mitigate speed issues. Additionally, the trustless Bitcoin-Arbitrum bridge has not yet been fully commercialized, necessitating an intermediate step via Ethereum. Conclusion First, Lombard provides yield-bearing Bitcoin-based assets that enable inter-chain movement, forming the center of BTCFi liquidity. Second, BOB lays the foundation for the formation of a Bitcoin-based credit market by combining Bitcoin security and Solidity compatibility. Third, Arbitrum allows Bitcoin collateral to access leverage, derivatives, and yield markets through mature DeFi infrastructure. Fourth, combining the three bridges creates a practical structure for moving Bitcoin within about 2 hours, with overlapping security at each stage enhancing safety. Fifth, the combined yield structure of Babylon staking, BOB vault, and Arbitrum DeFi yields implements a Bitcoin-centered capital market comparable to Ethereum-based strategies.