About yield tokenization:
Pendle’s AMM is specifically designed for PT and accounts for the fact that PT’s price converges toward its redemption value as maturity approaches.
After splitting, each can choose what they need: those seeking a fixed yield buy PT to lock in a rate, while those expecting yields to rise buy YT for exposure to the yield.
$PENDLE 2.117（+0.67%）
#PENDLE
Pendle’s AMM is specifically designed for PT and accounts for the fact that PT’s price converges toward its redemption value as maturity approaches.
After splitting, each can choose what they need: those seeking a fixed yield buy PT to lock in a rate, while those expecting yields to rise buy YT for exposure to the yield.
$PENDLE 2.117（+0.67%）
#PENDLE