@siddhant98
Pendle users were signaling a major ETH crash before it happened — and most people missed it.
(Yes, you can spot macro shifts just by tracking Pendle yield flows.) 🧠
Pendle Finance is a revolutionary platform for leveraged yield trading — but it’s more than that.
If you know where to look, Pendle yield flows reveal micro-level sentiment shifts across crypto markets, especially for ETH staking.
The catch?
Pendle’s interface is built for trading, not research.
But Pendle is an on-chain protocol. You can directly query Pendle’s smart contract data through platforms like Dune.
That's exactly what I did.
By writing my own DuneSQL queries, I pulled Pendle's raw transaction-level data and mapped out user behavior across PT (Principal Token) and YT (Yield Token) trades on stETH markets.
Here’s what I uncovered 👇
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