A problem people bring · solved
Points cost too much to farm
Pendle lets you rent a farm's harvest without buying the farm. It splits a yield asset into PT, the principal, and YT, everything it earns until maturity, including points credited to YT. So YT buys the points of a full deposit for a small slice of its price. Do the math first: YT melts to zero at maturity, so you win only if the points beat what you paid.
- 3 stops
- 23 minutes, all in
- 3 surprises
- 1 live demo
Chapter 1
Who knew?
Buying PT gives up the points; buying YT collects them on the full underlying amount.
A YT price of 0.05 means about 20 times the points exposure per dollar, before any multiplier.
YT is a melting ice cube: its value falls to zero at maturity whatever happens.
To farm a points program you have to deposit a large amount and wait.
Worked example: YT at 0.05 for 90 days. $100 buys YT on $2,000 of underlying. If the protocol pays 2,000 points per $1,000 per 90 days and points later convert at 2 cents, you get about $80 plus some yield: a loss. At 5 cents, about $200. At zero, you lose most of the $100.
Chapter 2
The free route, step by step
3 stops, cheapest first
Three ways through
Pick your route
- Start free tonight
Price the points before you spend a cent
Built by the HouseMost people buy YT without knowing the point price they need. Work it out first, for free.
- Get a personal airdrop route in twenty seconds
- Compare one points market on Pendle, Spectra and Exponent.
- For each, divide the YT cost by the points it earns until maturity.
Cost Free.
- The bold play
Buy points where they are cheapest, on any chain
Built by the HousePendle is not the only venue. Spectra on EVM chains and Exponent on Solana price the same idea differently, so the cheapest points are often elsewhere.
- Buy points exposure with Spectra yield tokens
- Let an agent work Pendle yield by your rules
- Set a maximum point price and a hard spend cap across venues.
Cost $10 or more plus gas. YT trends to zero at maturity, so size it as a cost.
- Build it
Build the cross-venue break-even board
Nobody shows the break-even point price for the same points across Pendle, Spectra and Exponent side by side. The House will build it with you.
- Read live Pendle market data.
- Show break-even point price, days to maturity and the honest downside.
- Publish it and invite farmers to check it before they buy.
Cost Build time and hosting. Data is public.
Your version
Make this mine
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Past the basics
What’s possible
- Live today
Buy points exposure on a full deposit for a fraction of its price through YT.
How Pick a Pendle pool whose protocol credits points to YT. Check the multiplier and maturity. Do the break-even math before buying.
- Possible to build
A break-even board that shows, for every live YT, the point price you would need just to get your money back.
How Pull YT prices and maturities from Pendle's API. Take points rates from each protocol's docs. Publish break-even per point, daily.
- Possible to build
A points futures read: compare YT-implied point value with Polymarket's odds that the token launches at all.
How Compute implied value from YT. Find the matching launch market. Flag gaps where the two crowds disagree.
- Live today
Leveraged exposure to Solana yield and points through Exponent yield tokens.
How Open Exponent. Pick a market. Do the break-even math first.
Project + project
Combos nobody marketed
- Pendle YT+Bandit=
An agent that checks YT break-even against your own point-value guess and only alerts when the math is on your side.
Why it works Break-even is arithmetic on YT price, time to maturity and the points rate; an agent can compute it continuously.
- Pendle YT price+Polymarket token-launch markets=
Two independent crowd estimates of whether a project's points will be worth something.
Why it works YT price embeds an expected point value; launch markets price whether a token arrives at all.
- Summon YT Entry Scanner+a weekly newsletter=
A paid weekly brief of cheap-looking YTs with the break-even shown, not a tip.
Why it works The scanner is callable per request; the writer adds judgement and the honest downside.
- Spectra YT+Pendle YT=
Spot the same points priced cheaper on one venue.
Why it works Both tokenize yield; prices drift apart.
- Exponent YT on Solana+Kamino deposits=
Solana-side yield and points exposure without leaving the chain.
Why it works Exponent splits yield positions such as Kamino deposits.
Chapter 3
Try it live
Built by the HouseDo not take our word for it. Bandit runs right here, so you can poke at the real thing before you commit to anything.
Wallet or sign-in will not open in here? Open Bandit in a new tab ↗
Chapter 4
Where it matters most
- small farmers with $50 to $500
YT is a way to get meaningful points exposure without parking thousands.
- cautious savers
PT is the opposite trade: fixed yield, no points, held to maturity.
- LPs who want both
Pendle LP holds a mix of PT and SY and earns swap fees, with partial points depending on the pool.
Chapter 5 · Not built yet?
Build it
A YT break-even calculator that shows the point price you need to break even for every live Pendle market, refreshed daily.
Who could build it Points farmers who want the math before the click.
For founders
Uses you never marketed
Connections
People to meet
- Pendle
Read docs on PT, YT and LP before buying anything.
- Pendle community
Ask which pools credit points to YT and at what multiplier.
- Bandit
Set up YT alerts with your own break-even.
- Spectra
Ask which pools pass points to YT.
- Exponent
Ask about Solana points markets.
Propose a bridgetwo projects, one outcome neither could reach alone
Questions
Does YT always earn points?
Only if the underlying protocol credits points to YT holders. Check the pool page and the protocol's own rules.
What happens to YT at maturity?
It stops earning and is worth nothing more; you keep only the yield and points already collected.
Is PT safer than YT?
PT is closer to a fixed-rate bond if held to maturity, but it still carries smart-contract and underlying asset risk, and gives up points.
Can I lose all of a YT purchase?
Yes. If points end up worthless and yield is low, YT can return far less than you paid.
What do you honestly think one point is worth, and would you still buy if you wrote that number down before looking at the price?
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