How can you lock in on-chain yields?
One key point: Pendle's AMM is specifically designed for PT, taking into account how the PT price converges to its redemption value as maturity approaches.
After splitting, each can get what they need: those seeking a fixed return hold PT to lock in the rate, while those expecting yields to rise hold YT to gain exposure to the yield.
Remember this—it's better than memorizing a bunch of jargon. If you're unfamiliar with something, don't take a large position just yet; try it out with a small amount first.
$PENDLE is the token of the yield tokenization protocol Pendle. Currently 1.612.
#PENDLE
One key point: Pendle's AMM is specifically designed for PT, taking into account how the PT price converges to its redemption value as maturity approaches.
After splitting, each can get what they need: those seeking a fixed return hold PT to lock in the rate, while those expecting yields to rise hold YT to gain exposure to the yield.
Remember this—it's better than memorizing a bunch of jargon. If you're unfamiliar with something, don't take a large position just yet; try it out with a small amount first.
$PENDLE is the token of the yield tokenization protocol Pendle. Currently 1.612.
#PENDLE
