Understanding implied APY is crucial for trading Positive Yield Tokens (PYTs).
07 Nov 2023, 16:45
🧵Understanding implied APY is crucial for trading Positive Yield Tokens (PYTs).
You can use this info to help weigh market expectations for future yield rates.
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207 Nov 2023, 16:45
Conversely, if the implied APY is lower than the current yields, the PYT might be undervalued, presenting a buying opportunity.
Always balance implied APY with other risk factors and market dynamics when making trading decisions.
Conversely, if the implied APY is lower than the current yields, the PYT might be undervalued, presenting a buying opportunity.
Conversely, if the implied APY is lower than the current yields, the PYT might be undervalued, presenting a buying opportunity.
Always balance implied APY with other risk factors and market dynamics when making trading decisions.
07 Nov 2023, 16:45
When trading PYTs, consider the implied APY the market's expectation for future yield rates of the underlying asset based on things like the current price of a PYT.
If implied APY is higher than current yields, it may suggest over-optimism in the market, calling for caution.
When trading PYTs, consider the implied APY the market's expectation for future yield rates of the underlying asset based on thi
When trading PYTs, consider the implied APY the market's expectation for future yield rates of the underlying asset based on things like the current price of a PYT.
If implied APY is higher than current yields, it may suggest over-optimism in the market, calling for caution.