The single investment return of mining points has reached more than 200%. There are still many opportunities nowadays. In order to participate better, please read the following article to learn how to mine more points. Don't worry about not understanding it. Leave a message in the comment area at any time and I will answer your questions online.
It is the summer of pendle points. You can get amazing points by using yt to get high leverage points to get airdrops. But you may find that as the expiration date of yt approaches, the leverage multiples you get will be larger, but correspondingly, the time you can get points before the snapshot will be shorter. It is like running in the rain without an umbrella. Although you get more rain every second, you can reach your destination faster.

Penpie

In the cryptocurrency space, market volatility is a phenomenon that investors are both familiar with and in awe of. To address this challenge, Penpie has proposed an innovative proposal, PIP #10, which aims to enhance the stability and liquidity of the mPENDLE/PENDLE exchange rate through a series of carefully designed measures, which is expected to bring revolutionary changes to the Penpie ecosystem and create greater value for users and investors.
pip 10 on the snapshot
The core content of the proposal
1. Income distribution adjustment:
The income ratio of liquidity providers is reduced from 80% to 78%.

introduction
Over the past few months, Pendle has become a bright spot in the cryptocurrency market, attracting widespread attention for its significant rise in price. Soaring from $1.3 in January 2024 to $7.1 in April, Pendle proved the appeal of its unique revenue management solution in the volatile crypto market. But what exactly is Pendle, and why has it attracted so much investor attention?
Today, let’s take a look at Pendle and learn about the Pendle ecosystem in detail!

Pendle
Pendle is a decentralized protocol based on Ethereum that focuses on innovative yield management strategies, allowing users to buy and sell future yields through its unique mechanism. This approach not only provides new investment opportunities, but also brings revolutionary changes to the liquidity and pricing of yields.

Prelude Thread:
In recent times, the Federal Reserve has implemented interest rate hikes and maintained high interest rates over the long term as measures to curb inflation, causing US dollar interest rates to remain high for the foreseeable future. 🤔
Faced with such a macroeconomic situation, MakerDAO, a decentralized finance protocol, has shown extraordinary adaptability and foresight. 🤗
By raising the DAI savings rate to 15% and increasing the stability fees by more than 8% to 10% in several of its core vaults, MakerDAO has not only proven its flexibility but also demonstrated its agility in adjusting strategies to respond to market fluctuations.
🏄‍♀️As a result of these measures, MakerDAO's annualized profits are expected to increase by 81.8% 🤯, reaching $182 million, while the price of the MKR token has seen a significant increase of over 33.2% in the 24 hours following the proposal's passage. 🤯🤯

Main Text
1. How should we interpret the rise of $MKR ?
The increase in the price of MKR tokens can be seen as the market's positive response to MakerDAO's interest rate hikes.
🤔The value of MKR depends on the demand and supply of DAI, as well as the future development of the MakerDAO protocol. With the current increase in demand and a positive outlook, the rise in MKR's price is understandable. It's okay if this isn't clear right now, just grasp the concept and keep reading. 👀

2. The impact of US interest rates on this project
😝In simple terms:
⏺️DAI is MakerDAO's product, ⏹️MKR is MakerDAO's stock. If the Fed keeps raising interest rates and MakerDAO doesn't adjust theirs, nobody will use its stablecoin DAI anymore 😭. 1️⃣If everyone sells off DAI, MakerDAO's MKR will depreciate, as they need to sell their own stocks to repurchase DAI to maintain its price. 2️⃣But they don't want this to happen, so they chose to raise DAI's deposit interest rate. 3️⃣High deposit rates attract people to buy DAI for deposits. A bank with increasing deposits has significant revenue from fees, which it can use to repurchase its stocks, and the market also looks favorably on its financial reports in the short term.

🧐Let's delve deeper:
👣 The high-interest rates set by the Federal Reserve force MakerDAO to adjust its rates accordingly (otherwise, the stablecoin could deviate from being 1:1 with the USD, similar to Luna's crash), attracting more people to hold DAI.

🧠Due to MakerDAO's over-collateralization mechanism, holding more DAI necessitates more ETH as collateral to mint DAI. Since MKR is the governance token of the MakerDAO system, used to pay for stability fees and participate in governance decisions, the increase in DAI demand can indirectly support MKR's price by increasing system usage and revenue.
👉Note: MakerDAO protocol has a unique mechanism of using protocol revenue to purchase MKR from the market and burn it, thus reducing the total supply of MKR, which, under the principle of supply and demand, increases the price of MKR. When the use and demand for DAI increase, leading to higher revenues from stability fees and other charges, more MKR is bought and burnt, aiding in elevating the market value of MKR.

Conclusion and Risk Warning (Must Read, Risks Can Also Be Opportunities)
🤑The rise in US interest rates causes MakerDAO to increase rates to maintain the exchange rate, thereby affecting the demand for DAI, and consequently, the value of MKR.
💀The high-interest rates for DAI and the significant rise in MKR's price conceal the risk of MakerDAO's quantitative easing. If the Federal Reserve were to lower interest rates in the future, it could lead to DAI's de-pegging and even a series of issues.

If there's anything unclear, leave a message in the comments, and I'll answer at any time. Remember to check my replies.