Most folks just chase the biggest APY they see, but they forget yield means nothing if you can’t exit without eating huge slippage. That’s why I like how this breaks it down from @the_smart_ape : YIELD vs. LIQUIDITY. That’s the real sauce with @pendle_fi: it’s not just about locking in a % number, you have to understand the depth, exit costs, and timing. sYUSD from @aegis_im looks especially solid right now: decent APY, better liquidity, and short maturity (2 weeks left). Basically less timing risk and still nice returns. 👉 Over $7.2M in liquidity is a safe play for traders to enter and exit with low slippage. An 18.45% APY is quite good for stablecoin play. Feels like we’re slowly building a proper DeFi version of bond markets, where liquidity and duration actually matter just as much as the yield itself. Super bullish on where this goes next.