Pendle Pt Yt protocol
Overview
Pendle is a DeFi protocol that enables the tokenization and trading of future yield. PT (Principal Token) represents the underlying principal of a yield-bearing asset, while YT (Yield Token) represents the future yield generated by that asset. Users can buy PT to lock in a fixed yield or trade YT for speculative exposure to yield fluctuations.
Relations
No connections recorded for this entity in the DeFi Intel knowledge graph yet.
In-depth guides on Pendle Pt Yt
Frequently asked questions
What is Pendle?
Pendle is a DeFi protocol that enables the tokenization and trading of future yield.
What are PT and YT in Pendle?
PT (Principal Token) represents the underlying principal of a yield-bearing asset, while YT (Yield Token) represents the future yield generated by that asset.
How can users use PT and YT?
Users can buy PT to lock in a fixed yield or trade YT for speculative exposure to yield fluctuations.
Sources
Live news feed, full graph, and search.