Outrun
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English
  • Outrun
  • OutStake
    • Glossary
    • Yield Tokenization
      • SY
      • Minting
      • PT
      • YT
      • SP
      • PYT
    • Compared with Pendle
    • UPT Integration List
  • OutSwap
    • AMM
      • V1
      • V2 (In Future)
    • DLAMM (In Future)
    • Limit Order Book (In Future)
    • Referral Commission Engine
    • MEV Guard
      • Introduction
      • Working Principle
  • FFLaunch
    • Risk-Free LaunchPad
    • Proof Of Liquidity Token
    • Benefits for Participants
      • Investor
      • Project Team
    • Applicable Scenarios
    • Event lifecycle
    • Impact on Outrun Ecosystem
  • Memeverse
    • Everything is meme
    • Trapping into the Memeverse
    • Memecoin × DeFi × DAO
      • Feasibility Study Of MemeFi(DAO)
      • Memecoin Staking
      • Memecoin DAO Governance
        • Dynamic Evolving Voting Rights Allocation Mechanism
        • DAO Governance Cycle Incentives
    • Omnichain Interoperability
    • The Endgame of Memecoin
      • From onchain to real world
      • The Infinite Possibilities Of Mass Entrepreneurs
      • Transform and Capture User Mindset
    • Referral service
    • Event lifecycle
    • Impact of Memeverse on the Outrun Ecosystem
    • Compared with Pump.fun
  • DeSocial (Future)
  • FAQ
  • Targets Audience
  • Business Model
  • GTM Strategy (Pending)
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PYT

Points Yield Token

PreviousSPNextCompared with Pendle

Last updated 2 months ago

PYT is a token based on the standard that represents the external protocol points yields tied to a locked position. Holding PYT signifies ownership of all external protocol points yields generated by the corresponding locked position.

Even if the issuer of the interest-bearing asset does not have a points incentive program, Outrun will still mint PYT to capture potential future points yields. However, since not all external protocols offer points incentive programs, or these programs may change depending on the external protocol, the value of PYT could potentially be zero. The final authority over its interpretation lies with the external protocol, not Outrun.

Additionally, if users choose to mint UPT when locking their staked interest-bearing tokens, PYT will not be minted, meaning they forfeit any potential or existing external points yields that might arise in the future.

ERC6909