What are Pendle’s PT and YT?
The discount on PT is equivalent to the fixed return you can earn by holding it to maturity; annualized, this is the implied yield.
YT’s price essentially reflects the market’s expectations for future yield: if the actual yield earned before maturity is lower than the yield the market expected when you bought it, YT holders lose money.
$PENDLE is the token of the yield tokenization protocol Pendle. Currently 2.117.
#PENDLE
Personal notes. Make your own decisions when trading.
The discount on PT is equivalent to the fixed return you can earn by holding it to maturity; annualized, this is the implied yield.
YT’s price essentially reflects the market’s expectations for future yield: if the actual yield earned before maturity is lower than the yield the market expected when you bought it, YT holders lose money.
$PENDLE is the token of the yield tokenization protocol Pendle. Currently 2.117.
#PENDLE
Personal notes. Make your own decisions when trading.