JoeJoeDeFi

The monthly verification is here! 🧐🧐🧐
Is HUMA Prime worth the wait to jump in?

It has been close to a month since depositing in HUMA Prime.
Let's calculate the real returns during this period.
Determine whether it is worth jumping in when the limit is reopened in February.

Amount invested: 3WU
Duration: 28.08 days (must be precise 🤪)
Total returns to date:
🔸364.55 USDC
🔸7,830.38 $HUMA

From this, we can calculate the real yield:
✅ 24.19% APR (27.09% APY)

Scary, isn't it? Is this still the bear market financial bureau???

～～～～～～
The calculation process is as follows:
🔸The APR for USDC profit is 15.8%;
In the case of daily compounding, the APY is 17%;
🔸$HUMA APR 8.37%
In the case of daily compounding, the APY is 8.73%;
(Pioneer badge + staker dual support)
Based on the price of $$HUMA over the past 7 days at $0.02475.
～～～～～～

This 30K, generates a stable output of nearly 20U per day 😆
It's another day of regretting not betting more.

The other night, it took 40 minutes to fill the bet.
I was in the kitchen making salt-baked pig liver... missed it... such expensive pig liver 🥲

@DrPayFi mentioned that there will be another opening in February.
I need to alert every HUMA member and old OG, just in case I miss it.
Join @Huma Finance 🟣
https://app.huma.finance/?ref=Lfpes0
You can first deposit into a Classic $PST account to earn 8%+ APY returns,
And wait to transfer to earn 20%+ APY when Prime reopens.

～～～～～～

Lol, what's funny is
I asked AI to recommend a few quality channels that can rival HUMA Prime.
AI recommended sUSDe, sUSDS......
It's quite amusing; from the supply perspective, these two are indeed top-notch.
Safety is also outstanding,
But the yield... it has been running low at 4%～5% APY for a long time.
It's not even as good as CAP's stUSD, at least it maintains a stable 6.5%+ APY in the long term.
Everyone has a good background, besides TVL, what are they missing?

On one hand, this shows that AI's ability to find alpha is still lacking.
On the other hand, it shows that HUMA Prime is indeed impressive.
～～～～～～

This post only shares information, not investment advice DYOR.
Feel free to leave comments to exchange project information.
Follow JoeJoe X to avoid getting lost: https://x.com/joejoedefi

Three-step Quick Mastery Method: Guaranteed to Turn You into a DeFi Expert (Part 1)

Written for friends who want to engage in on-chain DeFi, yearn to improve their investment skills, try Pendle, but have always hesitated or been lazy

Investing in your investment skills will never go wrong
In a pessimistic market environment, it is suitable to learn more and act less; the DeFi 'Bible' Pendle is an investment tool you should master

I have long served as a MOD/ambassador for different projects and have encountered too many players who only know how to trade funds or hold assets
Even many capital whales and quality KOLs know very little about Pendle, let alone how to use it flexibly
Playing Web3 without playing DeFi is like entering a treasure mountain and returning empty-handed
Playing DeFi without playing Pendle is like self-inflicting harm

Of course, learning is counterintuitive and painful, and some teachers' Pendle teaching posts are quite profound
You need a low-threshold quick learning version, I understand

Three-step Quick Mastery Method: Understand and initially master the basics of Pendle to become a DeFi expert

Step 1️⃣: Understand Silicone Dolls
Taking the shared silicone doll industry as an example
The total value of the doll includes the doll itself (principal) and the future rental income (earnings) in two parts
(Doll expiration: Assume the doll will retract from the rental market after 'serving' for a period and can be sold at the price of a new doll)
Pendle is a tool that can 'split' the doll economy into principal and earnings
🔸PT
This means buying the maturity ownership of the doll at a discounted price. When the service period of the doll expires, you will obtain a doll itself,
Then you sell it at 100% of the price, your earnings are the discount part, and your profit is known in advance and fixed
(Suitable for investors who seek stability and do not want to bear volatility risks)
🔸YT
Equivalent to buying the right to the doll's earnings during the service period, the amount of earnings depends on how much profit the doll can earn during this time, high risk but potential returns are large
(Suitable for investors who can bear high risks and are optimistic about future earnings prospects)
🔸LP
Provides a capital pool, allowing PT and YT funds to enter and exit during the doll's service period. After expiration, LP providers' principal is intact, earning part of PT earnings, part of YT earnings, and a small fee
(Suitable for investors seeking steady progress)

Three-Step Quick Mastery Method: Guaranteed to Fast-Track You to a DeFi Expert (Part 2)

✅ LP-cUSD
The LP consists of SY+PT, where SY earns points and PT earns returns.
The ratio of SY to PT is approximately 30%:70% to 70%:30%, fluctuating.
(Currently it is 7.8 : 2.2)

Currently investing 100cUSD in the "Keep YT" mode can yield:
77.69 SY + 21.91 PT + 22YT token (worth 0.4 cUSD)
(It is recommended to activate this, spending 0.4% of the principal can earn an additional 30% to 50% points, and PT returns can fully cover costs)

The expected returns by maturity (assuming the ratio of SY to PT remains unchanged):
🔹 Project Points: 120,328.93
SY in the LP can earn 77.69 x 20 x 63 x 95% = 92994.93
22YT can earn 22 x 20 x 63 x 95% = 26334
🔹 PT Yield: 0.378 cUSD
(21.91 PT's 10% APR yield, 63 days)
🔹 Swap Fee Sharing: 0.095cUSD
(99.6 LP assets, charging a current annualized fee of 0.55%)

🔹 Pendle Incentive: 0.182cUSD
(99.6 LP assets, enjoying a current annualized $Pendle incentive of 1.06%
(Compared to holding cUSD, which can only earn 10x points, the LP strategy is clearly superior)

Step 3️⃣: Experiment

Through Step 1 and Step 2, you have gained a considerable understanding of Pendle.
Now you need to invest a small amount for practical experience.
You can run through the example mentioned above in the Pendle-cUSD pool (Ethereum chain)
or choose the Pendle-USDe pool (Arbitrum chain, low gas).
https://app.pendle.finance/trade/markets/0xf1700fc22beff50dedc9f18925aabf55a2d2db2b/swap?view=pt&chain=arbitrum

It is recommended to experiment with stablecoin pools to reduce experimental costs and understanding costs.

After running a few experiments, you will succeed!
After these 3 steps, you can already be called a preliminary DeFi expert.
Further supplement some basic knowledge points and continue practical exercises to strengthen your understanding; your ability is sufficient to surpass 80% of DeFi players (no exaggeration).

🎉 You can advance to achieve the DeFi Expert achievement.

Pendle offers a wealth of gameplay strategies suitable for individuals with varying investment experiences and styles,
such as using PT or LP for looping loans in third-party protocols, LP deposits in P family or E family, trading YT and PT short-term, Mint operations, vePendle gameplay, Boros market, etc.
Even DeFi experts must continue to learn and practice, continuously enriching their arsenal.

～～～～～～～～

Follow my X profile for the latest DeFi updates and to discuss new DeFi opportunities.
https://x.com/TravelToEW

Three-Step Rapid Mastery Method: Guarantee You Become a DeFi Veteran (Part 2)

Step 2️⃣: Project Example Explanation
Using the stablecoin protocol @capmoney_ to explain in the cUSD pool on Pendle
(cUSD is the stablecoin launched by Cap, pegged 1:1 with USDC)
https://app.pendle.finance/trade/markets/0x307c15f808914df5a5dbe17e5608f84953ffa023/swap?view=pt&chain=ethereum

▰ It is known that the Cap team has set:
cUSD's bare holding (holding cUSD in the wallet) point rewards to be 10x points;
YT-cUSD and LP-cUSD both have 20x points
▰ It is also known:
The Pendle-cUSD pool has 63 days remaining until expiration;
The current fixed APY for PT is 10.47%, and the YT leverage multiple is about 57x

✅ PT-cUSD
Now invest 100 cUSD, directly swap to get 101.721 PT tokens,
which means that after 63 days, you can obtain 101.72 cUSD, netting 1.72 cUSD,
APR is 10% (the Pendle page shows APY, so it’s a bit higher)
(You can also choose to place a limit order to buy, saving about 0.3% fee, but affected by market fluctuations, transaction time is dynamic)
**You are purchasing ownership of the doll at a discounted price after expiration**
✅ YT-cUSD
Now invest 100 cUSD, directly swap to get 5712.22 YT tokens
After expiration, total points = 6,837,527.3
(5712.22 x 20 times x 63 days x 95%)
x95% is because 5% of the points will be taken by Pendle

Your investment of 100 cUSD returns to 0

Expiration income = 6,837,527.3 points' airdrop income - 100 cUSD
(You can also choose to place a limit order to buy YT, saving about 1.35% of the principal handling fee, but affected by market fluctuations, transaction time is dynamic)
**Purchase the income rights of the doll during the service period**

Starting at a price of 0.03