Pendle has adjusted PT the revolving trading fee to be based on APY automatic adjustment
BIBIBI
AT A GLANCE
Pendle Change PT the looping transaction fee to automatic adjustment; the rate is approximately that of looping transactions APY of 10%。
Article
Pendle has adjusted PT the rollover trading fee to an automatically adjusting mode
PANews September 21 reported that Pendle stated that it has adjusted PT(principal token) rollover trading fees to an automatically adjusting mode, with the rate set at approximately APY of the rollover trading 10%capped at 10 basis points (i.e., 0.1%). This means that as the maturity date approaches, the rate will decrease accordingly; for APY lower rollover trading, the fees required will also be far lower than before.
Pendle stated that it had adjusted PT the fees for revolving trading of
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The rate is set at approximately APY of the rollover trading 10%capped at 10 basis points, i.e. 0.1%。
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As the maturity date approaches, the rate will decrease accordingly.
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APY The fees payable for lower revolving trading will also be significantly lower than before.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Fees are no longer fixed; instead, they change based on rolling trades APY and the maturity date; the closer the maturity date, the lower the rate.
Why it matters to readers
This adjustment may reduce the fees for some PT loop trades, especially those with APY lower rates or nearing maturity.
If you do not understand it PT, you can initially think of it as a type of principal token; the key point here is that the fees for related rolling trades change dynamically.
Risks and unknowns
The original text does not specify how the specific rate is calculated or adjusted in real time.
The original text does not specify when the adjustment takes effect.
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Related concepts
PT(principal token)
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