DeFi | What are Pendle’s PT and YT?
Pendle’s AMM is specifically designed for PT, taking into account how the price of PT converges toward its redemption value as maturity approaches.
The price of YT is essentially the market’s pricing of future yield: if the actual yield earned before maturity is lower than the level implied when you bought it, YT holders will lose money.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
If you’re unfamiliar with something, avoid putting a large position into it. Try it with a small amount first.
#PENDLE
For reference only. You’re responsible for your own gains and losses.
Pendle’s AMM is specifically designed for PT, taking into account how the price of PT converges toward its redemption value as maturity approaches.
The price of YT is essentially the market’s pricing of future yield: if the actual yield earned before maturity is lower than the level implied when you bought it, YT holders will lose money.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
If you’re unfamiliar with something, avoid putting a large position into it. Try it with a small amount first.
#PENDLE
For reference only. You’re responsible for your own gains and losses.