🗂️ Today's key concept: Yield tokenization
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
YT expires worthless, so before buying, work out roughly how much yield you can earn over the remaining term.
Knowledge can help you avoid some pitfalls, but it can't replace risk management.
$PENDLE is the native token of the yield tokenization protocol Pendle. Currently 1.924.
#PENDLE
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
YT expires worthless, so before buying, work out roughly how much yield you can earn over the remaining term.
Knowledge can help you avoid some pitfalls, but it can't replace risk management.
$PENDLE is the native token of the yield tokenization protocol Pendle. Currently 1.924.
#PENDLE
