⚡️Just opened @pendle_fi and discovered this naming update, it's great, getting better and better!

Many newcomers are easily confused by the asset redemption mechanism of PT, often thinking that PT-sUSDe is a 1:1 exchange for 1 sUSDe, but that's not the case.

Now Pendle has uniformly added parentheses in the naming of PT and YT, clearly indicating—

👉 1 PT-sUSDe (USDe), which means this PT is generated based on sUSDe, but the final 1:1 redemption is for sUSDe worth 1 USDe, not 1 sUSDe.

👉 1 YT sUSDe (USDe) earns all interest income of 1 USDe + point rewards before maturity.

This small change is actually very important—

Because there is an exchange rate between USDe and sUSDe, it clarifies that it tracks the fixed value of the "settlement asset" in parentheses.

For users who are used to understanding logic from the UI, this clear expression in naming is the best education!

Give @pendle_fi a thumbs up, keep focusing on the details, and continue to become more DeFi-native friendly!

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