Can someone ELI5/shill me Pendle? I see three options to use eETH: YT, PT, and somewhere in between (LP). I'm not sure I understand the pros/cons of each.

PT - Receive Fixed Yield
YT - Pay Fixed Yield, Receive Variable Yield
LP - Exposure PT & YT and earn trading fees + incentives

If you think the actual yield > fixed yield buy YT. 

If you think actual yield < fixed yield buy PT. 

If you think actual yield ~= fixed yield buy LP*

*other factors to consider

Sure! The Pendle team actually does explain this much better but its a little hidden:

Sure! The Pendle team actually does explain this much better but its a little hidden: https://app.pendle.finance/trade/education/learn

This is so perfectly ELI5, I wish Pendle explained it that way on their site. Thank you 🙏