Yield tokenization in three sentences:
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
The “fixed yield” of PT comes with conditions: you must hold it to maturity, and the underlying asset must remain sound; if you sell before maturity, its price will fluctuate with market interest rates.
YT becomes worthless at maturity, so calculate how much yield you can earn over the remaining term before buying.
$PENDLE 2.131（+1.48%）
#PENDLE
Be rational and manage your position size.
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
The “fixed yield” of PT comes with conditions: you must hold it to maturity, and the underlying asset must remain sound; if you sell before maturity, its price will fluctuate with market interest rates.
YT becomes worthless at maturity, so calculate how much yield you can earn over the remaining term before buying.
$PENDLE 2.131（+1.48%）
#PENDLE
Be rational and manage your position size.