Not sure about this tbh > $PENDLE just had its biggest unstaking cooldown yesterday (1.3M$) > No one is staking, everyone is exiting > Activity is only going down only > New apps are offering different ways to trade rates like @nunchi or @SupernovaLabs_ on Megaeth > Still x21 P/E ratio, not that cheap Right now Pendle is paying the price of its ve3,3 model, which almost always ends badly, and the drop in activity definitely doesn’t help Definitely not undervalued imho
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