Let’s talk about yield tokenization.
Pendle’s AMM is specifically designed for PTs, taking into account how PT prices converge toward their redemption value as maturity approaches.
Honestly, this is something I only learned later: before holding PTs, make sure you understand what the underlying asset is. If it depegs or its smart contract has a vulnerability, the asset you can redeem at maturity may be affected too.
$PENDLE is the native token of the yield tokenization protocol Pendle.
Only invest what you can afford, and leave yourself some room.
Pendle’s AMM is specifically designed for PTs, taking into account how PT prices converge toward their redemption value as maturity approaches.
Honestly, this is something I only learned later: before holding PTs, make sure you understand what the underlying asset is. If it depegs or its smart contract has a vulnerability, the asset you can redeem at maturity may be affected too.
$PENDLE is the native token of the yield tokenization protocol Pendle.
Only invest what you can afford, and leave yourself some room.