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Basit | Σ: @basitWeb3 on x 6318 followers
Created: 2025-07-25 23:45:45 UTC
say you deposits your LSTs tokens on Pendle.
Pendle splits to PT and YT. example: stETH → PT-stETH + YT-stETH
your PT automatically earns a fixed yield (ex, X% APY) at the end of a maturity date (say 30D).
now instead of depositing stables to go long/short on any yields. we also give you the flexibility to use your idle PT as collateral to leverage trade yields.
so you earn your fixed yield at the end while still having exposure to hedge on your assets or speculate on which direction the rate goes next.
If you think yield is going to go up from here, you can just long with leverage.
just like you buy YT before it spikes (long YT) but Nunchi lets you use leverage without expiry.
XX engagements
Related Topics steth