Bought vkHYPE YTs on @pendle_fi a few days ago at 6.22% IY when underlying APY was 6.17%. Sold them yesterday for 9.35%, around 50% higher (minus some fees). Did the same earlier this month with stcUSD YTs. When Implied Yield is close to Underlying Yield, it’s usually a good entry. You can sell a few days later for profit and earn extra points.