YT-sKaito has encountered a strange situation in the Pendle market... First, on the sell side, nearly 1 million sell orders have piled up between an APY of 80%~96% (previous high), while on the left side, the buy orders in such a large range above 50% have less than 30,000 buy orders... Only at 50% is there a relatively large sell order... This means that currently, there aren't many people buying YT? That said, for a protocol like @KaitoAI that can continuously generate yield returns, the APY range for YT and PT seems to have a clear interval; when the APY is too high, it suppresses YT buying, and when it's too low, it incentivizes buying. Therefore, theoretically, there is not only a long-term stable arbitrage space for providing liquidity but also a profit space in the logic of swing trading. Interestingly, regardless of how the APY fluctuates, it has little relation to the coin price... Every day I marvel, Pendle is truly a great innovation! Next, with some spare cash, I plan to get more Pendle~