PENDLE YIELD TOKEN GUIDE

Summary from the TLDR Crypto newsletter

Pendle traders can exploit tradable yield tokens (YTs) by placing maker limit orders when implied YT yields dip below underlying yields, earning free points and yield without taker fees. Success hinges on verifying healthy liquidity, analyzing order books and charts to pinpoint entry and exit thresholds, and exercising patience to execute the plan. Traders source alpha from project announcements, influential KOLs, and tips from the Pendle accounts.