Secondary AMM's

A discussion of potential secondary markets and cross-chain access to fixed-yields.

PTs can also be traded on a secondary AMM in order to enter or exit lending positions, or alternatively attempt to amplify yield by providing liquidity. (see: Risks of LPing in derivative marketplaces)

Entering:

Alice has 1000 USDC and wants a fixed yield. Alice purchases 1050 ptTokens for 1000 USDC, maturing in one year for a 5% yield.

Exiting:

Alice has 1050 ptTokens and wants to exit. Alice sells 1050 ptTokens for 1000 USDC.