Someone just explained Pendle to me in a very easy-to-understand manner. PT = Magic chicken with its butt chopped off.
25 Aug 2023, 06:29
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 this uhm...interesting example 🐔
Same news in other sources
225 Aug 2023, 06:38
But yes, magic butt lets you collect the yield (AKA eggs 🥚).
Chicken without a butt can be bought at a lower price, until it regains its butt in a year or however long maturity is. Fixed yield is the difference between the full value of a chicken and what you paid for buttless
But yes, magic butt lets you collect the yield (AKA eggs ).
But yes, magic butt lets you collect the yield (AKA eggs 🥚).
Chicken without a butt can be bought at a lower price, until it regains its butt in a year or however long maturity is. Fixed yield is the difference between the full value of a chicken and what you paid for buttless
25 Aug 2023, 06:30
Also, if you need a tamer version of how Pendle yield-trading works, we have Miley Cyrus swinging on a wrecking ball in a bikini instead:
Also, if you need a tamer version of how Pendle yield-trading works, we have Miley Cyrus swinging on a wrecking ball in a bikini
Also, if you need a tamer version of how Pendle yield-trading works, we have Miley Cyrus swinging on a wrecking ball in a bikini instead: