Pendle Markets

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Market Structure

1. Market (LP) Token
   • market: Contract address of the liquidity pool
   • market_name: Human-readable market identifier
   • market_decimals: Decimal precision for LP token
2. Standardized Yield Token (SY)
   • standardized_yield_token: Contract address
   • sy_name: Token name
   • sy_decimals: Decimal precision
3. Principal Token (PT)
   • principal_token: Contract address
   • pt_name: Token name
   • pt_decimals: Decimal precision
4. Yield Token (YT)
   • yield_token: Contract address
   • yt_name: Token name
   • yt_decimals: Decimal precision

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Understanding Pendle Components

• Standardized Yield (SY): Wrapped yield-bearing tokens standardized for use in Pendle
• Principal Token (PT): Represents the right to the underlying asset at maturity
• Yield Token (YT): Represents the yield-bearing portion of the asset
• Market: Liquidity pool where these tokens can be traded

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Usage Example

SELECT
    market_name,
    standardized_yield_token,
    principal_token,
    yield_token
FROM ethereum.yields.pendle_markets
WHERE market_name LIKE '%stETH%'

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Table Columns