
Pendle · Reads onchain state
Reads the exchange rate of a Pendle market's PT, YT, or LP in its SY via Pendle's oracle. The PT oracle's SY rate for the chosen kind is read as a time-weighted average at 18 decimals; unlike the asset price, it does not fold in the SY's own exchange rate. Reach for it to size a redemption or removal in SY terms, or to compare PT to SY against the implied APY for a consistent view of the market.
On other protocols · 4