DeFi Deep Dive: Pendle Finance - Yield Tokenization Explained

Series: DeFi Deep Dive (Technical/Educational) What this is: A technical deep-dive into Pendle Finance - how yield tokenization works, the PT/YT split mechanism, and the architecture that powers $6.12B in TVL across 540 markets. What this isn’t: Personal position updates or strategy results. For real Pendle earnings and market evaluations, see the Crypto Pay Day series. ...

September 1, 2025 · 10 min · 1951 words · Neil Godfrey