What’s the difference between Pendle’s PT and YT? Many people can’t explain it clearly!
Points earned by yield-bearing assets usually go to YT holders, while PT holders don’t receive them.
The price of YT is essentially a quote for future yield: if the actual yield received before maturity is lower than the market expectation when you buy, YT buyers will lose money.
Every return comes with a corresponding risk, so first consider how much you could lose in the worst case.
$PENDLE 2.175 (+4.77%)
#PENDLE
Points earned by yield-bearing assets usually go to YT holders, while PT holders don’t receive them.
The price of YT is essentially a quote for future yield: if the actual yield received before maturity is lower than the market expectation when you buy, YT buyers will lose money.
Every return comes with a corresponding risk, so first consider how much you could lose in the worst case.
$PENDLE 2.175 (+4.77%)
#PENDLE
