Study Notes | Yield Tokenization
① The discount on PT is equivalent to the fixed yield you receive by holding it to maturity; annualized, this is the fixed yield rate.
② Points earned by yield-bearing assets usually go to YT holders, while PT holders receive none.
③ YT’s value drops to zero at maturity, so before buying, calculate roughly how much yield you can earn over the remaining term.
$PENDLE 1.648 (-0.84%)
① The discount on PT is equivalent to the fixed yield you receive by holding it to maturity; annualized, this is the fixed yield rate.
② Points earned by yield-bearing assets usually go to YT holders, while PT holders receive none.
③ YT’s value drops to zero at maturity, so before buying, calculate roughly how much yield you can earn over the remaining term.
$PENDLE 1.648 (-0.84%)
