Pendle Yt product
Overview
Pendle's YT (Yield Token) is a product that represents the right to future yield generated by an underlying yield-bearing asset. Created by splitting a yield-bearing token into Principal Token (PT) and Yield Token (YT), YT allows holders to speculate on or hedge against the yield of the asset. It is commonly used in DeFi for yield trading and structured strategies.
Within the DeFi Intel graph, Pendle Yt connects to 1 tracked entity, most strongly to Pendle Finance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Pendle Finance | 95% |
In-depth guides on Pendle Yt
Frequently asked questions
What is Pendle YT?
Pendle YT (Yield Token) is a product that represents the right to future yield generated by an underlying yield-bearing asset. It is created by splitting a yield-bearing token into Principal Token (PT) and Yield Token (YT).
How is Pendle YT created?
Pendle YT is created by splitting a yield-bearing token into Principal Token (PT) and Yield Token (YT).
What is Pendle YT used for?
Pendle YT allows holders to speculate on or hedge against the yield of the asset. It is commonly used in DeFi for yield trading and structured strategies.