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13min chapter
Pendle Finance Deep Dive With Founder TN Lee
The Defiant - DeFi Podcast
Token Dynamics and Yield Accrual in DeFi Protocols
The chapter delves into the convergence of PT to underlying asset price and decrease of YT to zero value as yield is realized, explaining the mechanics of PT and YT holders at maturity. It discusses the tokenization of future yield for trading, revenue sources of the protocol, and the utility of PENDLE token within the VE PENDLE contract. Additionally, the chapter explores the importance of incentivizing voting, VE PENDLE in liquidity pools, and the gradual reduction of token emissions to mature the protocol.
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