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BTC/USD $68,420 +2.8%
ETH/USD $3,540 +1.4%
SOL/USD $142.80 -0.6%
BNB/USD $605.20 +0.9%
XRP/USD $0.62 -1.2%
DOGE/USD $0.18 +5.4%
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DeFi3 min readNEWS

How Pendle splits yield in two

@pendle_fi takes a yield-bearing token and breaks it into two independently tradable assets. One is the Principal Token (PT), which redeems the underlying at a fixed maturity date. The other