Can the principal and future yield of a yield-bearing asset be sold separately?
Before maturity, equal amounts of PT and YT can be combined to recreate the original yield-bearing asset.
Before buying PT, make sure you understand the underlying asset: if it depegs or the contract has a vulnerability, the asset you can redeem at maturity will be affected too.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
If you know someone who's new to this, feel free to share this with them.
Before maturity, equal amounts of PT and YT can be combined to recreate the original yield-bearing asset.
Before buying PT, make sure you understand the underlying asset: if it depegs or the contract has a vulnerability, the asset you can redeem at maturity will be affected too.
$PENDLE is the native token of Pendle, a yield-tokenization protocol.
If you know someone who's new to this, feel free to share this with them.
