Pendle Pt product
Overview
Pendle Pt (Principal Token) is a tokenized representation of the principal portion of a yield-bearing asset within the Pendle protocol. It is created by splitting a yield-bearing token into PT and Yield Token (YT). PT can be traded at a discount and redeemed for the underlying asset at maturity.
Within the DeFi Intel graph, Pendle Pt connects to 2 tracked entities, most strongly to Pendle Finance, Tn Lee.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Pendle Finance | 95% |
created_by | Tn Lee | 85% |
In-depth guides on Pendle Pt
Frequently asked questions
What is Pendle Pt?
Pendle Pt (Principal Token) is a tokenized representation of the principal portion of a yield-bearing asset within the Pendle protocol.
How is Pendle Pt created?
Pendle Pt is created by splitting a yield-bearing token into PT and Yield Token (YT).
What can you do with Pendle Pt?
PT can be traded at a discount and redeemed for the underlying asset at maturity.