DeFi｜What are Pendle’s PT and YT?
The discounted portion of PT is equivalent to the fixed return you receive at maturity; annualized, this is the implied yield.
They each serve a different purpose: those seeking fixed returns hold PT to lock in a rate, while those who expect yields to rise buy YT for exposure to yield.
$PENDLE is the token of Pendle, a yield-tokenization protocol.
It’s okay to play it safe—surviving matters more than how much you make in a single trade.
#PENDLE
Markets can change in an instant. Make your own informed decisions.
The discounted portion of PT is equivalent to the fixed return you receive at maturity; annualized, this is the implied yield.
They each serve a different purpose: those seeking fixed returns hold PT to lock in a rate, while those who expect yields to rise buy YT for exposure to yield.
$PENDLE is the token of Pendle, a yield-tokenization protocol.
It’s okay to play it safe—surviving matters more than how much you make in a single trade.
#PENDLE
Markets can change in an instant. Make your own informed decisions.