Fixed yield Autocompounding

Let's examine how users interact with Pendles fixed-yield markets today, and how these interactions can be improved through Adapter. The current workflow has users depositing their assets and selecting a maturity date. Once this maturity date passes, the user must claim their rewards and deposit into a new maturity date in order to continue earning on their position. This incurs additional gas fees, and leaves the user to monitor and manage these positions. This becomes increasingly cumbersome as users interact with additional markets and protocols.

Instead, users can utilize Adapter vaults as a fully automated solution built upon these Pendle markets.

Users simply deposit their assets into the Adapter vault - the vault will now pool user assets, automatically handling maturity dates internally and rolling to new positions when appropriate. This allows the user to set and forget their position while reducing gas fees. This also allows for better compounding, allowing users to maximize their earning potential.