This strategy allows you to earn 10-20 times more points per 1 ETH, but it carries the risks of losing the value of your funds, either partially or completely.
- Go to the Pendle Finance project website.
- Connect your wallet. This strategy is currently available in two networks: Ethereum and Arbitrum.
- Purchase the YT eETH token (Ethereum or Arbitrum) and farm points (By depositing 0.001 ETH, you will be earning 1 point per day);
- The terms and prices differ between the networks:
- The pool in Ethereum will close on 27 June 2024. From this date, the YT eETH token will completely lose its value and stop generating income and points.
- The pool in Arbitrum will close on 25 April 2024. This is a downside of this pool, but there are also several advantages:
- Lower transaction fees in the Arbitrum network.
- Significantly lower price of YT eETH compared to the Ethereum network. The difference averages 40%.
- The second pool in Arbitrum will close on 27 June 2024. From this date, the YT eETH token will completely lose its value and stop generating income and points.
This strategy is considered high-risk, and you should independently assess all risks and potential profits.