UnwrapUnwrap
Pendle · Acts onchain
Unwraps a Pendle Standardized Yield token into a token the SY pays out. The socket calls the SY's redeem, which burns the shares and pays out the chosen token at the current exchange rate; the call returns the amount received. Only the tokens the SY's own redeem list names are offered. Reach for it after a redemption or a liquidity removal that paid out SY, when the next step or the wallet wants the plain yield-bearing asset.
On other protocols · 4
