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Zap into a Pendle Yield Token pool with ETH on Arbitrum
This use case allows a user to enter a Pendle pool to speculate on or hedge against yield from a liquid restaking token.
Try this route →
Route mechanics
This is a two-step bundle that:
- Swap native
ETH to weETH using odos protocol on Arbitrum
- Deposit
weETH into Pendle SY protocol to receive the Pendle Yield Token position
const ETHEREUM_CHAIN = 1;
const BERACHAIN_CHAIN = 80094;
const PLUME_CHAIN = 98866;
const ARBITRUM_CHAIN = 42161;
const userAddress = "0xd8da6bf26964af9d7eed9e03e53415d37aa96045" as Address;
/**
* Zaps ETH into a Pendle Yield Token pool for weETH on Arbitrum.
* @returns The route and transaction objects.
*/
export async function earnEthToPendleYt() {
const ETH: Address = "0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE";
const SY_weETH: Address = "0xa6C895EB332E91c5b3D00B7baeEAae478cc502DA";
const amountIn = "1000000000000000000";
const routeParams: RouteParams = {
fromAddress: userAddress,
receiver: userAddress,
chainId: ARBITRUM_CHAIN,
amountIn: [amountIn], // 1 ETH
tokenIn: [ETH],
tokenOut: [SY_weETH],
routingStrategy: "router",
};
const route = await client.getRouteData(routeParams);
await sendEoa(route.tx, route.gas);
return route;
}