Bitcoin season airdrop strategy: YT-SolvBTC.BBN (Corn) on Pendle
Quote249 words
Walks through a three-in-one airdrop farming strategy using Pendle YTs on SolvBTC.BBN (Corn), stacking Solv XP, Corn Kernel and Babylon points with leverage. Notes the implied APY of up to 500% depends on FDV scenarios.
Key claims
Implied APY of up to 500% depending on scenario
Solv LST accounts for 25% of Babylon TVL (250 BTC phase 1 cap)
YT holders earn 721 Solv XP per dollar, 151x Corn Kernel and 51x Babylon points
Bitcoin Season Airdrop Strategy (3-in-1) 🪂
YT-SolvBTC.BBN (Corn) on @pendle_fi could be the major airdrop play for $BTC season with an implied APY of up to 500% (depending on scenario).
You can simultaneously farm:
➤ @SolvProtocol, the largest BitcoinFi protocol with over $1B in TVL (backed by @BinanceLabs).
➤ @babylonlabs_io, a shared security layer powered by Bitcoin that brings staking yield to $BTC. Raised $70M from @paradigm & co.
➤ @use_corn, an Ethereum L2 that integrates liquid staked $BTC for gas and yield on the execution layer.
Let me unpack the strategy. ⤵️
With the launch of Babylon points, $BTC stakers (also through Solv) have started to accumulate airdrop exposure for one of the major launches of the year.
TGE likely in Q4, so not much time left. ⏳
That's why the most promising strategy is leveraged exposure through the SolvBTC.BBN (Corn) pool on @pendle_fi.
The Solv LST ($solvBTC.BBN) accounts for 25% of current Babylon TVL (250 $BTC, which was phase 1 cap for LSTs).
Thanks to the integration with @pendle_fi, you can get leveraged Babylon points exposure through @SolvProtocol YTs, which accumulate Babylon points but decay in price as you approach maturity date (to 0).
On top of YT's leverage (51x), you get additional bonus multiplier from @use_corn (for Kernel) and earn @SolvFinance XP.
In total that means YT-SolvBTC.BBN (Corn) holders earn:
➤ 721 @SolvProtocol XP / $ deposited
➤ 151x @use_corn Kernel
➤ 51x @babylonlabs_io Points
For more, check the below analysis by @PendleIntern.
DYOR anon. 👀
QUOTING @PendleIntern
A man walks into a bar in Pendle town, orders @SolvProtocol YT-SolvBTC and lives happily ever after 🍻 An estimation of how things are going for YT-SolvBTC at the current Implied APY 👇🏻 Do note that figures here include: 1) @use_corn Kernels 2) @SolvProtocol XP 3) @babylonlabs_
A man walks into a bar in Pendle town, orders @SolvProtocol YT-SolvBTC and lives happily ever after 🍻 An estimation of how things are going for YT-SolvBTC at the current Implied APY 👇🏻 Do note that figures here include: 1) @use_corn Kernels 2) @SolvProtocol XP 3) @babylonlabs_
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