I didn’t understand this back then, and the money I wasted could have paid for several hot pot meals.
Today’s topic: yield tokenization
YT holders receive the yield generated by yield-bearing assets until maturity. After maturity, the value of YT drops to zero.
The implied yield shown on the interface is calculated from market-traded prices; it is not a yield promised by the project.
$PENDLE is the token of the yield tokenization protocol Pendle.