Poll by @cazubelli.lens

An update 49% days later 👀 my YT_GLP leverage

I bought the YT_GLP with an implied APR at 8,043% Now trading at 10,86% and, also receive leverage yield during these 49 days

Am I guccy ?

Not really. Here what I have learn : YT are paying yield for PT in the GLP case, the implied APY (YT) is largely above the underlying APY That means, the cost to maintain PT yield is really expensive for YT holders. During several days / weeks, we had YT long yield APY at -90%, so your YT_holding will lost 90% of its value in one year if the implied vs underlying APY remains the same, excluding leverage yield earned

Even if you earn leverage yield and the YT price is slowly increasing, the longer you hold a position where implied >>>> underluying APY, the most you bag will lost in value

• you have to consider the high fees and slippage when you trade YT tokens on Pendle

In my case, after a +2,43% on the YT_GLP, after 49 days, my bag is at BE Fortunately, I have earned 10% ROI of real yield in ETH

I have always trade PT/YT for a short period before (7-14 days), and I didn't realize how the yield can be destroyed when you trade an overpriced YT And this, even if you catch the bottom of the YT

Take it into consideration fren

Some PT/YT holder here ?