DeFi | What’s the difference between Pendle’s PT and YT?
Pendle’s AMM is designed specifically for PTs, taking into account how the price of a PT converges toward its maturity value as the maturity date approaches.
The price of a YT is essentially a quote for future yield: if the actual yield earned before maturity is lower than the market’s expected yield when you bought it, you’ll lose money as a YT buyer.
$PENDLE is the native token of the yield-tokenization protocol Pendle.
It’s okay to take it slow. Staying in the game matters far more than how much you make on any one trade.
Pendle’s AMM is designed specifically for PTs, taking into account how the price of a PT converges toward its maturity value as the maturity date approaches.
The price of a YT is essentially a quote for future yield: if the actual yield earned before maturity is lower than the market’s expected yield when you bought it, you’ll lose money as a YT buyer.
$PENDLE is the native token of the yield-tokenization protocol Pendle.
It’s okay to take it slow. Staying in the game matters far more than how much you make on any one trade.