Can the principal and future yield of yield-bearing assets be traded separately?
Pendle’s AMM is purpose-built for PTs and accounts for how PT prices converge toward their redemption value as maturity approaches.
Take note: Before holding a PT, make sure you understand what the underlying asset is. If the underlying asset runs into problems or its contract is exploited, the asset you can redeem at maturity may be affected too.
$PENDLE is the token of the yield-tokenization protocol Pendle. Currently 2.065.
Every return comes with its own risks, so think carefully about how much you could lose in the worst case.
Pendle’s AMM is purpose-built for PTs and accounts for how PT prices converge toward their redemption value as maturity approaches.
Take note: Before holding a PT, make sure you understand what the underlying asset is. If the underlying asset runs into problems or its contract is exploited, the asset you can redeem at maturity may be affected too.
$PENDLE is the token of the yield-tokenization protocol Pendle. Currently 2.065.
Every return comes with its own risks, so think carefully about how much you could lose in the worst case.