There’s no test in class today, but the market may spring one on you.
Today’s topic: yield tokenization
Before maturity, equal amounts of PT and YT can be recombined into the original yield-bearing asset.
The implied yield shown on the page is calculated from market trading prices; it is not a yield promised by the protocol.
$PENDLE is the native token of the yield tokenization protocol Pendle. Currently 1.588.

#PENDLE