Re Pendle & Spectra YT Efficiency Comparison While collaborating with Spectra, the reinsurance protocol, Re, has increased the multiplier to 30x for both Pendle/Spectra's YT and LP. Accordingly, I compared the efficiency of each YT. ✅1. reUSD Pendle YT - reUSD is a Basis Trading product (similar to Edena's) - Point Multiplier 30x * Pendle YT Multiplier (1/price) 66.9 = Final Multiplier 2008x - Principal recovery rate at maturity: 90% - Points earned per $1 cost at maturity: 831,074 / Points earned per 1 YT at maturity: 84,337 - Days remaining until maturity: 42 ✅2. reUSDe Pendle YT - A reinsurance product using Ethena's USDe - Point Multiplier 30x * Pendle YT Multiplier (1/price) 39.9 = Final Multiplier 1197x - Principal recovery rate at maturity 75% - Points earned at maturity per $1 cost 203,872 / Points earned at maturity per 1YT 50,259 - Days remaining until maturity: 42 ✅3. reUSD Spectra YT - Point Multiplier 30x * Spectra YT Multiplier (1/price) 34.7 = Final Multiplier 1041x - Principal recovery rate at maturity: 105% - Points earned at maturity per $1 cost: ??? (Cannot be calculated as profit) / Points earned per 1 YT at maturity 104,100 - Days remaining until maturity 100 * The above calculation is valid if the Implied APY / Underlying APY is maintained until maturity. ✅Pagu's Comment Actually, options 2 and 3 have insufficient liquidity, and in terms of short-term point acquisition volume, option 1 is correct. However, since we don't know when the TGE will occur or when the next training camp meta might happen, please deliberate carefully. Please note that what I've posted is for relative comparison purposes. Also, Re requires KYC Pagu is currently ranked 69th, and I bought a bit more reUSD YT Whether it will succeed is still unknown But I think buying YT is a good strategy #NFA #DYOR @re