Current progress:

• Starting: 5000 GLP (1st Mar)
• Current position: 6782 GLP (15th Mar)
• Returns: 35.6% after 13.5 days = 378936% APY

Overview:

• Starting from 5000 GLP, I will grow my GLP stack by yield trading on Pendle (https://app.pendle.finance/)
• This document is a journal of my trades, together with explanation along the way

Resources:

• Join our yield trading community at https://pendle.finance/discord
  • Do sign up for “Yield trader” role when you first join, to receive updates on yield trading
  • Most yield trading discussion will happen in the “yield-trading” channel

Wallet address:

• https://arbiscan.io/address/0x8cbe5985f3930c3012d01ac1887eaebde2fa2824

The trades:

• 1st March: position value = 5000 GLP
• 1st trade: implied APY was 21.5%
  • Zapped in (4500 GLP)
  • Hold 500 GLP
• 2nd trade: implied APY was 15-16%
  • Zapped out partially
  • Bought YTs
• 3rd trade: implied APY was ~18.4%
  • Sold all YTs
  • Zapped in, 100% position providing liquidity
• 4th trade: implied APY was 16-17%
  • Zapped out partially
  • Bought YTs
• 5th trade: implied APY was 17-18%
  • Sold most YTs
  • Zapped in
• 6th March: position value = 5528.3 GLP. Educational tweet 1: the zapping-in strategy: https://twitter.com/gabavineb/status/1632756061424988160
  • YT value: 924 GLP
  • LP value: 4530 GLP
  • Unclaimed rewards value: 74.3 GLP