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@pendle_fi brings
@NetNetCap - sNET yield trading to
@RobinhoodCrypto Chain.
PT-sNET matures on Sep 17, with 11 days remaining.
In the snapshot shown, PT offers a 7,952% fixed APY, and 1 PT redeems for 1 NET at maturity.
The underlying sNET yield is 9,678% APY.
sNET distributes dividends 3 times per day, with payouts scaling with NET’s price relative to NAV and reaching up to 0.45% every 8 hours at a 1.75x premium.
PT lets users lock the current return, while YT receives the yield of 1 NET until maturity.
Pendle gives traders a separate market for fixed yield and direct exposure to sNET dividends