How can you lock in an on-chain yield?
Definition: Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
How it works: Once split, each token serves a different purpose: those seeking fixed returns buy PT to lock in a rate, while those expecting yields to rise hold YT to gain exposure to the yield.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
Markets are always unpredictable, so think ahead about what you’ll do if your judgment turns out to be wrong.
#PENDLE
Definition: Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
How it works: Once split, each token serves a different purpose: those seeking fixed returns buy PT to lock in a rate, while those expecting yields to rise hold YT to gain exposure to the yield.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
Markets are always unpredictable, so think ahead about what you’ll do if your judgment turns out to be wrong.
#PENDLE
