Can the principal and future yield of a yield-bearing asset be traded separately?
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
The implied yield shown on the page is calculated from market-traded prices; it is not a yield promised by the protocol.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
If anything isn’t clear, leave me a question.
#PENDLE
I can be wrong too, so make your own judgment.
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
The implied yield shown on the page is calculated from market-traded prices; it is not a yield promised by the protocol.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
If anything isn’t clear, leave me a question.
#PENDLE
I can be wrong too, so make your own judgment.