I think in this market, just choose a recognized project and keep following it!‼️

Stop getting distracted by everything here and there!

Only caught Gate and lost the watermelon, didn't do anything right!

I've been following the progress of @Theo_Network over the past few days.
Today I saw a very important update: PT-thBILL officially launched on Euler Finance.
The significance of this matter is much greater than "opening one more pool."

PT-thBILL can be used directly as collateral on @arbitrum to borrow USDC, USDT, and thBILL.
This means that thBILL is officially regarded by the lending market as a safe, stable, and composable underlying asset. In the past, this treatment was reserved for on-chain OGs, but now the treasury basket can also achieve this.
@eulerfinance @pendle_fi

Looking back over the entire chain will help you better appreciate its significance:
Pendle is responsible for separating PT and YT;
Euler accepts PT-thBILL into the lending layer;
Arbitrum provides an execution environment;
Theo is responsible for compliance, custody, sources of income, and structural design.

This is not a simple asset on-chain, but rather a complete transfer of the traditional government bond structure onto the chain, with composability.
thBILL is transitioning from static assets to dynamic assets that can be collateralized, lent, and used for structured strategies.

The underlying cooperation is also worth paying attention to:
Institutions such as FundBridge and Wellington manage real bond pools;
Libeara is responsible for regulated custody;
Qualified investors can mint/redeem on-chain.
Off-chain compliance and on-chain settlement have been interconnected.
This point is the core of the institutions' willingness to enter the market.

If you want to actually participate in Euler's PT-thBILL lending, here is the simplest tutorial:

Step 1 Connect Arbitrum Wallet
Step 2: Acquire PT-thBILL on Pendle
Step 3: Go to Euler to deposit as collateral
Step 4: Lend USDC, USDT, or thBILL, pay attention to the collateral ratio.
Step 5 Adjust or redeem according to market changes

Using future bond yields to exchange for current liquidity, this is the advantage of DeFi in the interest rate market.

This is the first time that national bonds have taken on the role of "interest rate carriers" on the blockchain. In the future, you are likely to see more treasuries incorporating thBILL, more collateral pools opening, and more strategies developing around PT-thBILL.

For those interested in RWA + DeFi, this is a structural major event that is very worth tracking in the long term.
@KaitoAI