Pool 三 Stacked Liquidity
Make your liquidity work harder
We’ve been showing how Pendle adds value to the value chain of LSDs and we’re taking it to another level with the inaugural Pool 三, supporting the PENDLE/ETH pair on Camelot.
Pool 三 utilizes your typical Pool 2 LP and brings out another level of depth, allowing you to get additional yield and rewards on the assets.
As we’ve seen with the ETH Power pools, we expect a few benefits to surface:
1. Stickier liquidity
2. Stacked usage of liquidity = stacked yield + rewards (On both the Pendle and Camelot layers)
3. A win-win situation for both the PENDLE LPs as well as Camelot
a. Liquidity is channelled to Camelot
b. PENDLE gets more usage + LPs get more fees/rewards for taking similar token exposure
c. Deeper liquidity all around
Utility
On usage, these higher APY assets offer opportunities for both speculators and hedgoors
The PENDLE/ETH pair on Camelot has consistently offered 50–100% APR in yield
Speculators wanting to accumulate both PENDLE and ETH can buy a PT PENDLE/ETH for guaranteed yield or a YT PENDLE/ETH if the opportunity arises.
Hedgoors who want their yield upfront can sell their YTs for stables to redeploy.
How to 三:
三 LPs earn the maximum yield from the Camelot PENDLE/ETH pair, including all the fees and incentives from their Nitro Pool.
The easiest way to 三 is through our one-click, zap function.
Easy Zap In
Step 1 — Select your desired input, this can be PENDLE, ETH or any asset of your choice
Step 2 (Optional) — Toggle Zero Price Impact Mode. This allows you to perform the swap/zap without any changes to the pool price. YT-PENDLE-ETH will be returned to you in this mode.
Step 3 — Review the information and once you’re ready, confirm and perform the swap into Pendle LP. You can monitor all of your positions using the Dashboard.
Manual (via Camelot LP)
Step 1 — Have both PENDLE + ETH ready in your wallet. If necessary, you can perform the swaps needed using Camelot DEX.
Step 2 — Navigate to the liquidity page, and add liquidity to the PENDLE/ETH pool. Make sure you select “V2” and “LP” here. Confirm the transaction once you’re ready.
Step 3 — Add liquidity to the PENDLE/ETH pool on Pendle using the LP tokens you just acquired.
Risks
At a high level, the risk profile is similar to the PENDLE/ETH Pool 2 as long as the position is held to maturity. Liquidity is never locked and can be withdrawn at any time at market prices which can result in profits or losses.
It’s time to take your liquidity to the next level with 三.
