Don’t rush to memorize the definitions: What’s the difference between Pendle’s PT and YT?
Before maturity, equal amounts of PT and YT can be combined to recover the original yield-bearing asset.
YT becomes worthless at maturity, so calculate how much yield you can earn over the remaining term before buying.
$PENDLE is the token of Pendle, a yield-tokenization protocol. Currently 1.644.
Before maturity, equal amounts of PT and YT can be combined to recover the original yield-bearing asset.
YT becomes worthless at maturity, so calculate how much yield you can earn over the remaining term before buying.
$PENDLE is the token of Pendle, a yield-tokenization protocol. Currently 1.644.