Pendle, Ethena, and Silo: The Next Big Trio in DeFi?
@pendle_fi is growing fast, with more DeFi use cases showing up every day
After Ethena PT was accepted as collateral on money markets, now Ethena LP tokens are also getting adopted
@SiloFinance is the first to support them, Over $3.4M of Ethena LP has been deposited into Silo last week
Two markets are available:
▸ @etherealdex LP-eUSDe
▸ @ethena_labs LP-sSUDe
How It Works ↓
• Deposit USDe to Pendle LP
• Receive LP-sUSDe, then wrap it
• Deposit the wrapped LP into Silo as collateral
• Borrow USDC
• Use that USDC to zap back into LP
• Repeat steps 2–5 to loop
This strategy turns your LP into a productive flywheel with more yield, Ethena and Ethereal Points
Stacking real yield, points, and composability into one seamless loop
Ethena PT & LP Economics, covers:
▸ Ethena Pendle PT market size
▸ PT usage in defi
▸ LP as collateral in money market
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