I use Pendle to provide liquidity (LP)

Let’s take a scenario where you provide liquidity for USDe on Pendle.

What you need to monitor

A Pendle LP position is closer to set-and-forget compared to holding PT or YT. However, you still need to monitor your position health to protect your capital.

What Otomato watches for you

Otomato automatically detects and monitors your LP positions and alerts you only when something relevant happens:

Security incident

If Pendle or Ethena has a security issue, your funds might be compromised.

Otomato surfaces security incidents as soon as credible signals appear so you can react quickly.

Example notifications:

• "Potential security issue reported affecting Pendle. View source"

• "LookOnChain flagged unusual activity related to USDe. View source"

• "100B$ USDe just have been minted by Ethena."

Learn more

Learn how Otomato manages security-related alerts here.

Underlying depeg

If USDe depegs, it creates two scenarios for LP providers: a temporary loss if it drops below $1, or an opportunity for larger profit if it rises above $1. Both situations require quick decisions.

Otomato continuously monitors underlying asset prices and alerts you as soon as a meaningful deviation is detected.

Example notifications

• "USDe is trading at 0.982."

• "USDe is trading at 1.034."

PT maturity

Once a Pendle market reaches maturity, you no longer earn yield through your LP position. At this point, you need to either roll into a new market or claim back your underlying assets.

Otomato sends you a reminder when the market expires so you don't forget to redeploy your capital.

Example notifications

• "The pendle USDe (11th feb) market has expired. Your position isn't earning yield anymore."

Improvements

We're continuously looking to add support for alerts the community is asking for. If you'd like us to add a new use case, reach out on telegram.