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