Earlier today, Pendle launched a new product - MNT pool on Mantle Chain.
Let’s take a look at how to use the MNT in your hands to maximize the benefits of COOK tokens!
Through Pendle, MNT holders can exchange MNT for YT (leverage point income), PT (fixed income), or provide LP liquidity. The following are respectively explained:
1. Product function
1.1 YT MNT
Earnings: YT can provide a leverage effect to help MNT holders improve the efficiency of Mantle Power for staking COOK tokens at Mantle Rewards Station. Currently, the highest point income is 95x.
Cost: The value of YT will return to zero on the expiration date (10/3), so the concept is similar to using the existing token MNT as a cost to game the subsequent $COOK token income.
Operation method: After entering the YT page, select the token to be invested from Input. You can see how much YT MNT can be exchanged for in Output, as shown below.
1.2 PT MNT
Income: PT is a fixed income product. Buying PT and holding it until the maturity date can ensure APY income. The current APY is 11.73%. (You can redeem WMNT tokens at any time through the Swap function)
Cost: Give up MNT income and all points income.
Operation method: After entering the PT page, select the invested token from Input. You can see how much PT MNT can be exchanged for in Output, as shown below.
1.3 LP MNT
Income: MNT income, Pendle incentives, exchange fees, while continuing to accumulate Mantle Power (COOK mining income) on the Mantle Rewards Station. (LP composition is LP MNT+ YT MNT)
Operation method: After entering the Zap page of LP, select the token to invest from Input. You can see how much LP MNT+YT MNT can be exchanged for in Output, then click Approve and then Zap In, as shown below.
2. Author’s notes
Pendle had earlier launched a product built on mETH to mine COOK token points (Powder) through the Methamorphosis airdrop program.
This time, a product built with MNT is launched, and COOK token rewards can be mined through Mantle Rewards Stations.
Finally, the two current channels for obtaining COOK tokens are covered.
Everyone can properly use Pendle's YT, PT, and LP products according to their own risk preferences to maximize their returns. If you have any questions, you can leave a message below.
3.Related articles
For related strategies on participating in Methamorphosis with mETH, you can refer to my previous article:Methamorphosis Event Rules、Detailed explanation of Methamorphosis earnings、Methamorphosis eats many fish - Karak, and don’t forget to fill in the referral code part of Methamorphosis: myronchiu, you can get an additional 10% points bonus effect and earn more powder to exchange for COOK!
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※ The above content is purely personal sharing and does not constitute investment advice (NFA). Users are advised to DYOR and assess their personal risk tolerance.
#PENDLE #methamorphosis #karak #COOK #Airdrop $ETH $PENDLE
