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Ankr has partnered with Pendle to advance DeFi development

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The partnership between Ankr and Pendle provides users with the opportunity to achieve a higher return on assets.

Web3 infrastructure provider Ankr has partnered with Pendle to launch a liquidity pool, with Ankr's ETH/AnkrETH Aura pool going live simultaneously. What are the advantages of Pendle and how it works? What are the opportunities and risks it presents? This paper will discuss the above contents in detail.

About Pendle

Pendle supports license-free tokenization and income trading, which allows anyone to buy an asset at a discount for a fixed or long-term DeFi income.

The Pendle protocol enables users to easily develop advanced income strategies such as discounted long-term assets, low risk and steady growth fixed income, and long-term income strategies. Ditching the complex multi-protocol strategy and making all requirements accessible within its Web application.

How the Pendle works

Pendle sees a pattern of DeFi yield volatility, with yields soaring during periods of volatility and falling noticeably during bear markets. Pendle allows users to speculate on the yield of any asset, increase the yield in a bull market, or hedge against falling yields with a fixed yield in a bear market.

Pendle 使用户能够交易和推测未来的收益率。通过将可用资产的收益 Token 化为两个独立的部分，即本金 Token (Principal Token) 和收益 Token (Yield Token)，再使用 Pendle AMM 交易这些资产以实现最大收益。

YT(收益 Token ) 接收基础收益 Token 的收益率，而 PT(本金 Token ) 代表资产的本金。由于收益率已从基础收益中剥离，PT 以折扣价交易，到期时可赎回基础债卷的全部价值。由于 YT 只代表标的债券的收益率，交易它就相当于猜测到期前该债券将获得多少收益率。

Pendle market opportunity

Pendle allows users to control the overall yield by earning a fixed yield through PT, a long-term DeFi yield through YT, and an additional yield by providing liquidity. Pendle already has a variety of assets on its platform, including LSD, Stablecoin, and Arbitrum's GLP and gDAI.

Investors with higher yield tolerance can buy YT to buy the yield of the underlying asset. Since YT holders receive the underlying yield, buying YT is equivalent to buying the underlying yield. Similar to spot trading, users will buy YT if they believe the underlying asset will yield higher returns, meaning the right trading strategy can significantly amplify returns.

在 Ankr 的案例中，Pendle 上的 ankrETH 流动性向下流向 Aura 和 Balancer，增加 ankrETH 流动性，为用户提供更好的交易体验。总的来说，通过收益 Token 化和收益交易，Pendle 让用户可以更好地掌控收益，即相同资产获得多种收益策略。

Ankr and Pendle work together to increase customer profitability

Ankr is working with Pendle to create a liquidity pool for ankrETH/ETH Aura LP, which will provide more Ethereum pledge yield and will increase Ankr Flow pledge ETH (ankrETH)APY.

The partnership provides ankrETH users with more options, such as buying ankrETH/ETH Aura LP at a discount for fixed income and potential excess income, as well as earning income by providing liquidity.

Concluding remarks

The partnership between Ankr and Pendle provides users with the opportunity to achieve a higher return on assets. Pendle opens up more availability to ankrETH and deepens ankrETH mobility. The liquidity pool created by Ankr and Pendle will provide more Ethereum pledge yield and increase Ankr's liquidity pledge ETH (ankrETH)APY. Overall, this partnership is an important step towards creating a more accessible and efficient DeFi ecosystem.