The Defiant·The Defiant Team·2h ago

How Pendle Principal Tokens Turn a Discount Into a Maturity Return

An early sale replaces the maturity payoff with a market price. A worked example separates annualized yield, redemption units and costs.

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💬 Discussion: How Pendle Principal Tokens Turn a Discount Into a Maturity Return An early sale replaces the maturity payoff with a market price. A worked example separates annualized yield, redemption units and costs.

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