Gmorse, it's ZEU$ - big announcement for all @MitosisOrg users
Mitosis ecosystem introduces Spindle
But what are their key features?
1. Cross-Chain YIELD DIVISION
One asset - Two tradable tokens:
↳ Principal Token (PT)
↳ Yield Token (YT)
2.DeFi users today face impossible choices:
↳ Lock assets for yield OR maintain liquidity
↳ Accept variable rates OR accept poor fixed rates
↳ Stay in one position OR pay gas to move
Spindle eliminates these tradeoffs entirely.
Much like Pendle, this platform will separate DeFi positions into YT and PT assets.
↳ YT represents the Yield Token, capturing all the yield generated by the position.
↳ PT stands for Principal Token, comprising the base asset along with the yield paid by YT holders to access asset returns.
Welcome aboard, Spindle!
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