>be
@tn_pendle, sensitive young man with hopes, dreams and ambitions
>be university student, always early to lectures after 200 pushups, 100 squats and 50 pullups
>hear about bitcoin from a professor with horn-rimmed glasses while chugging 2L of water from a milk jug
>realize the future of finance might just be magic internet money, dives deep into the rabbit hole
>discovers ETH, begins playing around with metamask
>pandemic hits, can’t get a haircut bc stores are closed, shaves head to reveal his final form
>DeFi Summer 2020 appears, pioneering a new sector of crypto from 0 to billions in just a few months
>yam finance hits 42,690% APYs, yields seem too good to be true (spoiler: it was)
>decides to start building
@pendle_fi (different name then) to try and harness DeFi yields
>OHM pioneers rebasing tokens with insane yield, and *some* backing behind the token value, goes to tens billions of dollars, full onchain mania
>Italian mafia connected dev (allegedly) called the Steve Jobs of DeFi a.k.a. Daniele Sestigalli launches an OHM fork called TIME/Wonderland, creates the frog nation
>Pendle launches a yield token when you can lock in your APY for TIME, becomes the most successful pool of the year
>light bulbs go off this could actually work (!!)
>spends months rebuilding Pendle from the ground up, releases V2 right as we enter the bear market
>token goes down -99%, team hunkers down, diet of milk, water, rice and frugality to continue building Pendle
>TN prays in the South China Sea for the crypto gods to keep Pendle going
>launches
@PendleIntern to educate crypto users on the power of V2 and looping YTs for yield
>TN meets
@crypto_linn in a secret Buddhist temple in the ancient Emeishan mountains, and Pendle pills her on the power of V2 and peepo to spread the gospel of yield
>points meta emerges with new yield tokens in 2023-2024, V2 achieves billions in TVL while adapting to countless new narratives in DeFi
>Pendle becomes one of DeFi’s most successful projects this cycle, team goes from nissin ramen to just ippudo ramen (no additional toppings) bc job’s not done, intern still on nissin tho
>time to take Pendle to the next stage by onboarding institutions into V2’s mechanisms, a.k.a. Citadels
>time to build a trading platform for funding rates and floating yield rates
>the name Boros appears to TN in a dream within a dream where a monk whispers “the secret to yield is Boros” while circlewalking around him in a Shinto bamboo forest
>Pendle team teases Boros and launches it in the same year, not the next cycle and without any fundraising, purely one punch man bootstrapped
>Boros hits 2b in volume in 2 months, growing exponentially faster than V2
>Boros hits 1m in annualized revenue after the worst liquidation event in crypto history on 10/10/25
>Boros is just getting started
>Pendle is just getting started
>Pendle