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.
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.
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.
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.
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…
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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