Discover and read the best of Twitter Threads about #SY

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What is @pendle_fi you may wonder?๐Ÿ‘€

Pendle Finance is a DeFi protocol built on @ethereum & @arbitrum that allows users around the world to manage and trade #yield. It's a #permissionless platform, open to anyone with internet access.๐Ÿ’ฏ

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@pendle_fi @ethereum @arbitrum In traditional finance, #yield is the income from an investment, like interest from a bond or dividends from stocks.โœ๏ธ

In #DeFi, yield often comes from #ProvidingLiquidity or #staking tokens. @pendle_fi introduces a novel approach to treating yield.๐Ÿ”ฅ

2/7
@pendle_fi @ethereum @arbitrum Pendle wraps yield-bearing tokens into "Standardized Yield Tokens" (SY).๐Ÿ“

These #SY tokens are split into two components:๐Ÿ‘‡

1๏ธโƒฃ Principal Token (PT)
2๏ธโƒฃ Yield Token (YT)

Representing the original investment and expected yield, respectively.โ˜‘๏ธ

3/7
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