Everyone, this is a key concept you need to understand: yield tokenization!
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
Each has its own use after the split: those seeking predictable returns hold PT to lock in the interest rate, while those expecting yields to rise hold YT for exposure to the yield.
$PENDLE is the token of the yield tokenization protocol Pendle.
Save this and take a closer look later
#PENDLE
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
Each has its own use after the split: those seeking predictable returns hold PT to lock in the interest rate, while those expecting yields to rise hold YT for exposure to the yield.
$PENDLE is the token of the yield tokenization protocol Pendle.
Save this and take a closer look later
#PENDLE