Guys, this is something you really need to understand: yield tokenization!
After maturity, PT can be redeemed 1:1 for the corresponding underlying asset. Before maturity, it usually trades at a discount.
Once split, each has its own use: those seeking fixed returns hold PT to lock in the yield, while those expecting yields to rise hold YT for exposure to the yield.
$PENDLE is the native token of Pendle, a yield tokenization protocol. It’s currently at 2.117.
Save this and take your time reading 👇
#PENDLE
For reference only; not investment advice.
After maturity, PT can be redeemed 1:1 for the corresponding underlying asset. Before maturity, it usually trades at a discount.
Once split, each has its own use: those seeking fixed returns hold PT to lock in the yield, while those expecting yields to rise hold YT for exposure to the yield.
$PENDLE is the native token of Pendle, a yield tokenization protocol. It’s currently at 2.117.
Save this and take your time reading 👇
#PENDLE
For reference only; not investment advice.