Napkin math on the potential impact @boros_fi could have on the revenues of @pendle_fi based on a reasonable market size Pendle could capture. The data points towards a potential revenue increase of 37% annually which is significant. The 15% SAM assumption comes from the average of the DEX/CEX spot and DEX/CEX perp volume ratios. The 10% SOM assumption comes from looking at the market share Pendle has managed to capture for yield tokens. Around 8% of USDS and 12% of SyrupUSDC sits on Pendle. 30% of USDe also sits on Pendle but given the insane amount of looping happening around USDe, felt that skewed the data to the upside. Let me know if I missed out on anything @PendleIntern and congrats @tn_pendle and team on the launch of Boros.
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