What are Pendle's PT and YT?
Before maturity, equal amounts of PT and YT can be combined to recover the original yield-bearing asset.
After maturity, PT can be redeemed 1:1 for the corresponding accounting asset. Before maturity, it usually trades at a discount.
The most important thing to remember when managing funds: understand the underlying asset before buying PT. If the underlying asset runs into problems or the contract is attacked, the asset you can redeem at maturity will be affected too.
$PENDLE 2.059 (+4.04%)
Before maturity, equal amounts of PT and YT can be combined to recover the original yield-bearing asset.
After maturity, PT can be redeemed 1:1 for the corresponding accounting asset. Before maturity, it usually trades at a discount.
The most important thing to remember when managing funds: understand the underlying asset before buying PT. If the underlying asset runs into problems or the contract is attacked, the asset you can redeem at maturity will be affected too.
$PENDLE 2.059 (+4.04%)