RedeemRedeem
Pendle · Acts onchain
Redeems a Pendle position for SY, or through the SY into its accounting asset. Before maturity, equal PT and YT are burned; after it, PT alone. The router pays the market's SY, or continues through the SY's redeem into its accounting asset for a rate-exact exit with no swap and no slippage. Set the amount to max to redeem the full position. Reach for it at or after expiry to realise a fixed-rate position into a plain token, then coil the amount into a deposit, repay, or transfer in the same transaction.
On other protocols · 1
