8)Pendle presents a rare opportunity because it rides the waves of multiple trends, most notably restaking and Cancun upgrade. Current price appreciation is in line with TVL growth. While it is no longer an undervalued gem, Pendle’s R/R still stands out in the next 6-12 months.
9)And there are two more mid-term catalysts. Pendle V3 and ETH ETF. All roads lead to $Pendle. @pendle_fi
Pendle Investment Thesis:
1)Restaking is one of the hottest narratives this year. But Eigenlayer has no token yet.
Among the alternatives, $Pendle is the best-positioned liquid asset to benefit from the restaking narrative.