I BOUGHT MY FIRST YT ON PENDLE TO TRY TO WRITE AN AUTHENTIC SPARK ARTICLE.
I'm more of a conservative investor, so I don't like YT, a berserker skill with a loss of principal, but I pushed a little money to write authentic content about working as a PENDLE ambassador + @sparkdotfi.
Certainly, due to the nature of YT, you can get almost $40,000 worth of points if you buy only about $500.There is.
YT is a way to purchase interest or points that can be earned at maturity for depositing a specific asset with yield tokens. In other words, if the interest is higher than the principal you purchased at the end of maturity, you will gain more than that, but if not, you will lose money.
On the other hand, PT is PT to take the raw material of the asset deposited at maturity, and the value of the raw material minus YT is usually PT. In other words, those who want stable profits or those who need to increase the quantity of a specific asset will choose PT.
A specific asset deposited in a specific DeFi (1) = YT + PT, and YT is the principal that is invested at maturity, but only takes interest.
In other words, if you are unfavourable to a specific DeFi protocol, you should buy YT, and if the degree of disadvantage becomes so severe that the price of PT decreases as the price of YT rises significantly? The conservative whales who took advantage of the gap are relational to buy PT and increase the quantity of the asset at maturity.
🔍 I bought YT of SPARK in Pendle yield Market
In fact, I tend to be a conservative investor, so I usually don’t use aggressive strategies like YT. However, this time I decided to try out the YT product because I was curious about the SPARK results. I invested around $500, and my YT position effectively gave me the exposure of having deposited $44500. While the principal I used to purchase the YT is gone in the end, in return instead, I am able to accumulate a significant amount of points for SPK points
As the biggest onchain capital allocator & deep friendship with pendle, Spark can give the best scenario of pendle intern's calculation.
So let's see. I want to open the box of my first YT
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