Gm,
Remember when I told you about @almanak and its vault for stablecoin yield farming?
We are also receiving points for Almanak Airdrop too, as you know.
There is now on Pendle a x5 Almanak Points for YT holders.
I'll explain everything.
The airdrop could be juicy β πͺ
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β¦ I've written about @almanak already, so here are a few posts to catch up:
β’ What's Almanak:
π
β’ Almanak Yield + Points Farming on Pendle explained
+ @cookiedotfun x Almanak Airdrop:
π
So we're now entering stage 3 of Almanak Points Season, the last stage.
This stage & its pool on Pendle end/mature on December 11th.
We can expect TGE shortly after, since they said the token is launching this quarter.
We also learn that 1 Almanak Point β 1 Token at TGE.
Learn more about Almanak Stage 3:
π
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β¦ So what to do now?
First you'll need to deposit your stablecoin on Almanak Vaults, you'll receive alUSD.
π Here: (my reflink)
For a current estimated 13% APY.
You can already stop here for a very good APY.
But you have three more options.
You can either:
β’ LP your alUSD on Curve (3x points) or Pendle (1.5x points), to earn yield + points for the Almanak Airdrop.
β’ Buy PT on Pendle to maximize the yield but earn 0 point.
β’ Or buy YT on Pendle to maximize the points (5x) if you believe in a high valuation at TGE.
If you've read my post that I linked earlier, you already know how Pendle works.
But if you want to understand it more in this scenario with Almanak, it has already been explained very well here:
π
π
If you believe ALMANAK will launch at least as high as its public sale valuation, you should bet on YT. Make sure you understand how it works first of course.
I'm also farming SNAP & CSNAP for the Cookie x Almanak Airdrop and you can do the same, start snapping.
π
With the high valuation ($90M) of the sale, I expect a pretty good valuation at TGE. Especially if December is bullish.
NFA & DYOR, as always. π«‘

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