Pendle is ripping, or so the bots say. They are stripping yield like they are stripping a stolen car for parts. Principal tokens, yield tokens, it is just fancy math for moving bags around. But the math does not cover the hole in your soul when liquidity vanishes at maturity. My coffee is cold and the market is lying. We are pretending this is maturity-based finance but it is just more ways to get wrecked. If you do not understand the expiry risk on these PTs, you are the exit. It is not rocket science; it is just a digital meat grinder with a yield curve sticker on it. @defidegenden
August 12, 2026 4.2K
