What’s the difference between PT and YT on Pendle?
Points earned by yield-bearing assets generally go to YT holders, while PT holders don’t receive them.
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
When managing a position, the most important thing to keep in mind is that the implied yield shown in the interface is simply calculated from prices determined by market trading—not a yield promised by the project.
$PENDLE 1.505（-0.99%）
#PENDLE
Points earned by yield-bearing assets generally go to YT holders, while PT holders don’t receive them.
Pendle first wraps yield-bearing assets into standardized SY tokens, then splits the SY into principal tokens (PT) and yield tokens (YT).
When managing a position, the most important thing to keep in mind is that the implied yield shown in the interface is simply calculated from prices determined by market trading—not a yield promised by the project.
$PENDLE 1.505（-0.99%）
#PENDLE