What's the difference between Pendle's PT and YT? Many people can't explain it clearly!
PT can be redeemed 1:1 for the corresponding underlying asset at maturity, and usually trades at a discount before maturity.
PT's “fixed yield” comes with conditions: you must hold it to maturity, and the underlying asset must remain sound. If you sell before maturity, its price will also fluctuate with market interest rates.
Don't place an order just because everyone around you is doing it.
$PENDLE 1.928（-0.41%）
#PENDLE
PT can be redeemed 1:1 for the corresponding underlying asset at maturity, and usually trades at a discount before maturity.
PT's “fixed yield” comes with conditions: you must hold it to maturity, and the underlying asset must remain sound. If you sell before maturity, its price will also fluctuate with market interest rates.
Don't place an order just because everyone around you is doing it.
$PENDLE 1.928（-0.41%）
#PENDLE