Open Farm Position

About

Leveraged Yield Farming involves using borrowed funds to amplify returns from yield-bearing tokens. In the Pendle protocol, these tokens (LRTs) can be split into two parts: yield (YT tokens) and principal (PT tokens). PT tokens, which behave like Zero Coupon Bonds, convert 1:1 to the underlying asset at maturity, allowing farmers to lock in yield.

Step-by-step guide

  1. Click on side bar (1) on the main screen of the app
  2. Click on “Farm” (2)
  1. Choose a pool you’d like to farm. (3)
  2. Enter the amount of ETH(4) and select your desired interest rate(5).
  3. You can view the details of the position you’re about to open.
  4. Once you’re ready, click the “Farm” button(6)
  1. Sign transaction in wallet
  2. Receive confirmation