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Thomas
@aviationdoctor.eth
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.
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LogrisTheBard
@logristhebard
Start here: https://tokenomicsexplained.com/rate-speculation-platforms
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LogrisTheBard
@logristhebard
For any yield bearing instrument figure out what you think the rate will be (including a valuation of the airdrops for points nowadays). PT is a zero-coupon bond. Buy PT if you think the rate will be less than the implied rate for the bond discount.
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LogrisTheBard
@logristhebard
Buy YT if you think the rate will be higher. LP just like Uniswap if you think it's basically on target and want to make money on it going sideways on trades.
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