加密狗|11月 07, 2025 13:32
Sure enough, DeFi only has Pendle and others. If there's a chance, take a look at Pendle and you'll always find it.
For example, when I was in Pendle today, I saw my fellow disciples SAID/AID, one moving like a rabbit and the other still like a virgin.
️ It's only a matter of time before we find the ambush point in the new pool. You can even ambush a limit order directly on pending.
✅ Let's take a look first, why did AID go silent all over the room while sAID went viral on Pendle?
Over the past few months, AID has been a representative of steady returns on Pendle,
As a result, I have been looking at it these past few days:
The liquidity of the AID pool has shrunk, while the sAID pool has skyrocketed and trading volume has increased fivefold.
What exactly happened?
One sentence explanation: GAIB has started its second season (Season 2), and those who migrate to sAID not only receive interest, but also additional incentives.
But more importantly, this time it's not just about "changing the pool", it's about adding another leverage to the returns.
✅ Key Reminder
Previously participated in the first season of @ gaic_ai, please complete the asset migration as soon as possible and replace your old version AID Alpha assets with the new version AID or sAID. After that, points, rewards, and liquidity will all be processed on the new version.
Migration link: https://aidalpha.gaib.ai/migrate
✅ Compare GAIB S2 briefly
The main source of income for AID before was USDC fixed income, which allowed for 4 x Spice to be obtained in the pending, stable but not explosive;
After introducing sAID, which is the token generated by deferring the re qualification of AID, you can receive AID fixed income, GAIB points, airdrops, and 12 x Spice in the pending. Overlay incentives for greater returns;
That is to say, people who migrate to sAID can also receive loyalty rewards and double points.
You can open Pendle to see the trading volume clearly, and now the entire market is squeezing towards the sAID pool.
✅ The market logic behind this phenomenon is actually quite simple:
one ️⃣ AID → Fixed Income (veteran players)
two ️⃣ SAID → Add Incentive Version Revenue (Transfer Players)
three ️⃣ YT sAID → Leveraged version gains (attacking players)
That is to say, the group of people who used to "earn interest" are now "accumulating points+participating in airdrops+leveraging" on sAID.
✅ My observation
This wave of migration is inevitable: GAIB uses rewards to guide fund migration, Pendle uses YT rewards to amplify leverage, and the two sides add up, making sAID the new profit center.
The risks are also evident: halving incentives, failing airdrops, and extending lock up periods may all cause YT prices to plummet in the short term.
✅ In summary:
AID is the "wealth management product" of Season 1, and sAID is the "points accumulation+airdrop expectation+leverage return" of Season 2.
So this time, it's not everyone abandoning AID, but the entire market upgrading into a more complex profit game.
️ Many people see sAID's 3x incentives, Pendle's 12xSpice, and YT annualized 20%+. As soon as my mind went hot, I ended up being completely wiped clean by the 'reverse kick'.
In the next issue, I will write about 'Ordinary People in Pendle, How to Play sAID Without Being Anti Spoiled'
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