In 20 Mar, I asked my followers to buy $ETHFI with all their money when the price is lower than $3.5
I don't call with emotions, I use MATH to support:
Calculated based on a TVL of 400,000 ETH and a deposit period of 120 days, EtherFi on Pendle is calculated with an annual yield of 40%.
If Pendle's pricing is reasonable, the opportunity cost of acquiring Yield Tokens (YT) = 400,000 * 120/360 * 40% â $213 million.
Then, based on a 6% airdrop calculation, the reasonable market value = $1.94 billion, which is approximately $3.55 per token.
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