What are Pendle’s PT and YT?
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
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 bought it, YT holders lose money.
$PENDLE is the token of the yield-tokenization protocol Pendle. It is currently 1.963.
Don’t put all your funds into a single project.
#PENDLE
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
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 bought it, YT holders lose money.
$PENDLE is the token of the yield-tokenization protocol Pendle. It is currently 1.963.
Don’t put all your funds into a single project.
#PENDLE