Pendle is an affordable, flexible, smart contract-based protocol that allows you to tokenize and trade future returns.

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Pendle

Someone just explained Pendle to me in a very easy-to-understand manner.

PT = Magic chicken with its butt chopped off
YT = Magic chopped off butt that lays eggs

After maturity, you put the 2 back together and it's a whole chicken again.

Won't name names as to who came up with…

Twitter

Imajin that we all start using "butt-less chickens" and "chicken butts" instead of PT/YT when talking yield trading on @pendle_fi

How confused would the outsiders be 🤭

"Hey bro, chicken butts are totally over bought yo. Gonna get a bunch of butt-less chickens later"