Quick Reference: Tokenized Yield
After maturity, PT can be redeemed 1:1 for the corresponding underlying asset. Before maturity, it generally trades at a discount.
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits SY into principal tokens (PT) and yield tokens (YT).
Before buying PT, find out what the underlying asset is: if it depegs or its smart contract has a vulnerability, the asset you can redeem at maturity may also be affected.
$PENDLE is the native token of Pendle, a tokenized yield protocol. Current price: 2.126.
#PENDLE
Stay calm and manage your position size.
After maturity, PT can be redeemed 1:1 for the corresponding underlying asset. Before maturity, it generally trades at a discount.
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits SY into principal tokens (PT) and yield tokens (YT).
Before buying PT, find out what the underlying asset is: if it depegs or its smart contract has a vulnerability, the asset you can redeem at maturity may also be affected.
$PENDLE is the native token of Pendle, a tokenized yield protocol. Current price: 2.126.
#PENDLE
Stay calm and manage your position size.