Module 4 · Lesson 18 · 8 min

PT, YT, and the parenthesis

What you'll be able to do

  • Read a Pendle market name and say what one PT redeems for.
  • Calculate a YT's price from a PT's price, and a PT's payout at maturity in tokens and in accounting units.
  • Calculate the cut to a PT's payout when the exchange rate sits below its watermark.

This course is for members.

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