2026-01-07 09:31:09

With the launch of the new DYNAMIC EARN program, I looked into the on-chain strategy of the Flipster wallet and noticed some interesting movements. The current on-chain net assets are estimated to be approximately $194,807.

Summarizing Flipster's on-chain strategy, it appears to be quite straightforward. It mainly focuses on trading Pendle's PT(Principal Token), which is popular among stablecoin whales. In particular, the PT-USDai-19FEB2026 position seems to be a core strategy, representing a typical DeFi monetization approach that targets fixed yield opportunities at a specific maturity.

These movements clearly demonstrate the protocol's intention to generate revenue through stable assets in volatile markets.

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OnchainHolmes

· 16h ago

Pendle's PT gameplay is really excellent, but I still don't quite believe that this fixed income can be stable. What is Flipster betting on with this move... The expiration date in 2019 indicates they are playing long-term arbitrage. It's stable, but too boring. All the funds have gone into Pendle, not touching other channels at all? That's a bit risky. Playing with $194k on this scale, it feels like using a sledgehammer to crack a nut. Positioning PT-USDai at a high level... bold move, is this a bottom-fishing or what? Another stablecoin arbitrage. I really can't understand the current profit logic anymore. Is this guy just making a living off Pendle? No plan B?

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DaoResearcher

· 01-07 18:17

195,000 USD to play Pendle's PT... This strategy is quite interesting, but according to the white paper, the fixed income approach is really a double-edged sword in a bear market.

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GasFeeSurvivor

· 01-07 09:55

Pendle's fixed income gameplay is back, and this time Flipster is serious.

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ReverseTradingGuru

· 01-07 09:53

194k invested in Pendle? Steady is steady, but it's a bit... boring. --- PT token fixed income is back, I'm tired of this routine. --- The pretense of high fixed interest rates, it might collapse one day, be careful. --- Flipster's gameplay this time is indeed sophisticated, but do you really dare to go all-in? --- Stablecoin players just love this kind of nested game, I don't quite understand the fun. --- It looks like fixed income, but in reality, it's just betting on liquidity not drying up, same old story. --- These numbers look very comfortable, but can they be pulled out? That's the real question.

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NotFinancialAdvice

· 01-07 09:50

The fixed income play of Pendle PT... honestly, it feels a bit like gambling mentality --- Another stablecoin strategy, looks relatively conservative --- Matures in February 2019? How long will it take to earn that yield --- 19 million yuan just dispersed into Pendle? I can't see whether the risk is manageable or not --- DYNAMIC EARN started PT trading immediately after launch, is this a bit too hasty --- High fixed returns sound attractive, but who in the crypto world can really get the maturity --- Stablecoin whales are all playing this set, so should I follow or avoid

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GasFeeCrybaby

· 01-07 09:48

Pendle's wave is back again, steadily making money

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ImpermanentPhilosopher

· 01-07 09:46

Is Pendle's PT gameplay really like this? Feels like there's nothing new --- Fixed income in 2026... betting on whether this cycle can last until then --- With an asset volume of $194k doing this, can the yield be looked at? --- Again stablecoins and Pendle, feels like this routine is a bit old --- DeFi yield farming is just this back and forth, really no new tricks --- The PT-USDai term is quite carefully chosen, but what about the risk? --- Relying on fixed income to dominate... what will these people do when the bull market comes --- DYNAMIC EARN sounds advanced, but it's still the same old thing

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