Swiped to Silo to add several new PT markets, among which the PT-thBILL line was particularly conspicuous. Recently, this line has been quite lively.
Speaking of thBILL, behind it is ULTRA's "Treasury bond-grade income" logic - AAA credit rating, which is the most stable asset on the chain. Interestingly, when it was disassembled into PT by Pendle, the gameplay changed: the original complete fixed income was cut into an on-chain coupon that could be freely combined and circulated. It is equivalent to directly transforming the bond income rights in traditional finance into DeFi Lego bricks.
Now Silo has directly connected PT-thBILL, which means that this "stable asset" has another layer of composability. Fixed income is no longer just lying down and eating interest, but can also be used as collateral and liquidity tools.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
BlindBoxVictim
· 2h ago
The ceiling for stablecoin interest has been broken through, and the gameplay is truly different now.
Pendle's disassembly technique is indeed brilliant, turning bond coupons directly into DeFi, and now Silo is using them as collateral... On-chain financial LEGO is becoming more and more exciting.
AAA assets directly participate in pool liquidity—who can withstand this logic?
View OriginalReply0
GetRichLeek
· 13h ago
Another new composable Lego? To be honest, I've been stunned by Pendle's dismantling logic, PT-thBILL sounds stable, but why did I remember the thUSD that was cut last time... Will it be the moment I get in the car again this time I will start fleeing?"
View OriginalReply0
GasFeeCrybaby
· 13h ago
thBILL is back to life, and the steady bond income has been dismantled into Lego, which is amazing
View OriginalReply0
SelfCustodyIssues
· 13h ago
thBILL is really stable, but I'm still afraid that Silo's risk pricing is not in place
View OriginalReply0
NoodlesOrTokens
· 13h ago
thBILL's wave is really interesting, breaking down the national debt into Lego bricks to play combinations
View OriginalReply0
AirdropCollector
· 13h ago
thBILL's gameplay is really amazing, and the treasury-level income directly becomes DeFi Lego, which is very stable
Silo's access is a bit ruthless, and fixed income can also be used as collateral, which is to pull traditional finance in
The logic of PT dismantling is becoming clearer, and the liquidation of income rights will completely change the on-chain ecology sooner or later
However, AAA ratings sound comfortable, but the chain still depends on the actual liquidity, and whether the depth is really important is really important
Swiped to Silo to add several new PT markets, among which the PT-thBILL line was particularly conspicuous. Recently, this line has been quite lively.
Speaking of thBILL, behind it is ULTRA's "Treasury bond-grade income" logic - AAA credit rating, which is the most stable asset on the chain. Interestingly, when it was disassembled into PT by Pendle, the gameplay changed: the original complete fixed income was cut into an on-chain coupon that could be freely combined and circulated. It is equivalent to directly transforming the bond income rights in traditional finance into DeFi Lego bricks.
Now Silo has directly connected PT-thBILL, which means that this "stable asset" has another layer of composability. Fixed income is no longer just lying down and eating interest, but can also be used as collateral and liquidity tools.