📢 PSA - rsETH (26 Sep) Arbitrum Pool Migration

Attention Pendle LPs of @KelpDAO's rsETH (26 Sep) pool on Arbitrum:

We have launched a new pool with updated fee settings

[NEW] rsETH (26 Sep) on Arbitrum - https://t.co/YI608fFgW3

NO FUNDS ARE AT RISK.

The previous pool had misconfigured fee settings (lower than intended), and the new pool corrects this.

For Pendle LPs, this would mean the opportunity to earn more fees, more yield. There is no rush or obligation to move your liquidity.

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For existing PT/YT holders, NO ACTION NEEDED.

The same PT/YT can be traded in the new pool as per normal.

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Liquidity Migration 🚚

Step 1: Remove dual liquidity from the existing pool at https://t.co/UjWI7xpvqJ

Step 2: Deposit dual liquidity into the new pool at https://t.co/YI608fFgW3

Step 3: After migrating liquidity to the new pool, you may have some excess PT-rsETH or SY-rsETH remaining.

If you have remaining SY-rsETH, you can:

1️⃣ Unwrap SY-rsETH into rsETH with Pendle’s SY-Unwrapper, and/or:

2️⃣ Zap SY-rsETH into the new rsETH pool

If you have remaining PT-rsETH, you can either:

1️⃣ Hold PT to maturity, and/or;
2️⃣ Zap PT into the respective new pool

Just be sure to double-check the price impact when zapping-in in both cases!

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Pendle LPs will have zero IL as long as you hold your position to maturity, so be sure to migrate your liquidity to catch those extra yields.