⚡️ Just opened @pendle_fi found this naming update, great, it's getting better and better!
Many novices are confused about PT's asset redemption mechanism, for example, they always think that PT-sUSDe is a 1:1 redemption of 1 sUSDe, but it is not.
Now Pendle has added parentheses to the names of PT and YT, clearly pointing out that-
👉 1 PT-sUSDe (USDe), which means that this PT is generated based on sUSDe, but in the end, it is sUSDe worth 1 USDe that is redeemed 1:1, not 1 sUSDe.
👉 1 YT sUSDe (USDe) gets all interest-bearing income + points of 1 USDe before expiration.
This small change is actually very important -
Because there is an exchange rate between USDe and sUSDe, it is clear that it tracks the fixed value of the "settlement asset" in parentheses.
For users who are used to understanding logic from the UI, this clear expression of the naming is the best education!
Give @pendle_fi a thumbs up, keep picking out the details, and keep getting more DeFi-native friendly!
Show original
31
37.81K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.