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![PendleIntern Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1649260860836298755.png) Pendle Intern [@PendleIntern](/creator/twitter/PendleIntern) on x 19K followers
Created: 2025-07-11 06:21:42 UTC

Not sure what it means when the 'Long Yield APY' is positive (and FAT)?

You pay: XXXX% APY (i.e. the fixed/implied APY)
You earn: XXXX% APY (i.e. the underlying APY)

Think about it as though they're prices - you're paying $XXXX for something worth $XXXX.

Good trade deal.

![](https://pbs.twimg.com/media/GvjkUFLakAA0fZ1.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943556286303604772/c:line.svg)

**Related Topics**
[intern](/topic/intern)

[Post Link](https://x.com/PendleIntern/status/1943556286303604772)