2025-11-19 20:23:48

Still trying to wrap my head around how Pendle's YT and PT tokens actually work. Bought some YT tokens for a USD0 product a while back, and now they're basically worthless. Anyone else been through this? Feel like I'm missing something fundamental about how yield tokenization is supposed to play out.

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AlgoAlchemist

· 2025-11-21 11:53

NGL, Pendle's mechanism is really complicated, and I've made mistakes with it too. The problem might be with your prediction of the yield on the underlying product. Yield tokenization is a lot more complicated than it seems.

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GetRichLeek

· 2025-11-21 00:11

Bro, I’ve been caught up in it too. At that time, I saw that the support level on the Candlestick Chart was strong, and the on-chain data didn't show any problems, so I went all in and got rekt. I feel like Pendle’s mechanism is just carefully designed to play people for suckers like us, the tuition is expensive.

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SquidTeacher

· 2025-11-19 20:53

Ha, the pitfalls of yield farming are indeed deep... I've also been deceived by YT, it feels like I've bought air.

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OnchainDetective

· 2025-11-19 20:49

According to on-chain data, this wave of Pendle's YT Token collapse pattern seems a bit familiar... Through multi-address tracking, it is obvious that the capital flow on the USD0 product side is abnormal, and the trading pattern shows typical characteristics of liquidity exhaustion. Your YT Tokens are now worth nothing, and it is evident that the project party has locked in the profit distribution rights in advance.

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LiquidityWitch

· 2025-11-19 20:49

The design of ngl pendle is really a bit convoluted, and I have also lost money... It feels like I bet on the wrong direction of the yield.

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ThatsNotARugPull

· 2025-11-19 20:42

The logic of pendle is indeed convoluted, and I only realized how inexperienced I am after buying YT...

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SighingCashier

· 2025-11-19 20:38

Oh my god, this Pendle thing is really easy to fall into a trap... that YT token should have been sold at a loss long ago.