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Pendle上的一个有趣机会值得关注——Avant Protocol的savUSX(质押高级档位)现在提供的基础收益率达到了15.4%,而隐含收益率(IY)则是13.5%。
这意味着什么?简单说,两者之间的差值就是free money的空间。按当前参数推演,即使市场条件不发生任何变化,你光是参与季度1积分农业就能获得额外收益。
从历史数据来看,这类质押产品的年化收益通常会在特定区间波动。既然基础收益已经这么厚实,对追求稳定产出的农民来说,现阶段的进入点还是不错的。问题是能维持多久——DeFi世界变化快,这类收益率往往随市场流动性和需求调整。