Pendle Profile picture
16 Jun, 7 tweets, 3 min read
We’re live in 12 hours! We hope you’re as excited as we are :)

To help you ease into the system, we have created 2 cheatsheets for Ownership Token (OT) and Yield Token (YT), both of which are key components of Pendle.
Deposit a yield-generating token into Pendle to mint YT and OT.

At launch, @AaveAave‘s aUSDC and @compoundfinance’s cDAI will be supported.
YT represents the right to receive yield from the underlying.
Buy YT for direct yield exposure, sell YT to cash in your yield for an upfront payment.
OT represents ownership of the underlying asset.
Buy and hold OT to purchase the underlying at a discount.
YT can be traded on Pendle’s AMM, while OT can be traded on Sushiswap.

Both pools will be incentivized. Refer to this article for the details.
medium.com/pendle/mainnet…
We have plenty of resources to get you up to speed and understand everything Pendle, so check out the #educational section of our Medium to learn more! medium.com/pendle
P.S. Single-sided PENDLE staking and @Sushiswap Onsen for PENDLE/ETH pool are ongoing. Stake here: app.pendle.finance

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More from @pendle_fi

17 Jun
Pendle markets are open! We hope you’re ready to trade your yield.

Minting of YT+OT and trading of YT pairs are live on the app: app.pendle.finance
Kickstart the DeFi yield layer and be rewarded!

OT LPs do not have to stake their LP tokens.
Read 5 tweets
14 Jun
After nearly a year of building, we’re excited to share that we will be live on Ethereum - 17 June 0100 UTC.

Users will be able to trade and hedge their yield. In these volatile times, Pendle gives you the ability to act on your views of DeFi yields.

link.medium.com/oJg1F3Qa5gb
We will activate auto-compounding Pendle Staking in 1 hour.

Users can stake PENDLE for more PENDLE at app.pendle.finance.
Dual Rewards (PENDLE + SUSHI) in the @SushiSwap Onsen will be live later this week! Image
Read 6 tweets
16 Apr
1/ We’re excited to announce the investors supporting Pendle’s vision for creating the next layer of DeFi yield markets.

Led by @MechanismCap, we’re grateful to have raised $3.7M in our seed and private rounds, with support from an amazing group of funds and individuals.
2/ Transforming Pendle from an idea into a reality would also not have been possible without the help of our advisors:
+ @loi_luu (@KyberNetwork)
+ @0xttk (@ambergroup_io)
+ @SSrinawakoon (@BandProtocol)
+ @TKKevin7 (@naos_finance)
+ YY Lai (@Signum_Capital)
3/ Pendle’s token allocation will break down as follows:

Liquidity incentives: 37%
Team: 22%
Ecosystem fund: 18%
Investors: 15%
Liquidity bootstrapping: 7%
Advisors: 1%
Read 9 tweets

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