Understanding this won’t make me money right away, but it can help me avoid a rookie mistake.
This lesson’s topic: yield tokenization
Pendle’s AMM is purpose-built for PT, taking into account how PT prices converge toward their redemption value as maturity approaches.
The implied yield shown in the interface is calculated from market prices—it’s not a yield promised by the project.
$PENDLE is the token of Pendle, a yield tokenization protocol.
This lesson’s topic: yield tokenization
Pendle’s AMM is purpose-built for PT, taking into account how PT prices converge toward their redemption value as maturity approaches.
The implied yield shown in the interface is calculated from market prices—it’s not a yield promised by the project.
$PENDLE is the token of Pendle, a yield tokenization protocol.