Pendle's design logic is not about chasing the highest weekly APY—that's just the surface. Its true focus is on optimizing the internal structure of the entire system.

Let's take a look at what Pendle is actually optimizing: capital efficiency is the top priority, allowing your funds to flow to more valuable places. Next is the time pricing mechanism, which breaks the traditional DeFi scenario of unpredictable yield fluctuations. The third, equally important—providing users with predictable outcomes in highly volatile markets.

This approach reflects Pendle's deep understanding of capital efficiency. Instead of blindly chasing high yields, it aims to build a smarter, more stable financial infrastructure. This is exactly where Pendle's core competitive advantage lies.