About this Chart

PT yield at maximum leverage less borrow cost on the borrowed portion, where maximum leverage comes from the venue's borrow LTV with the Pendle UI haircut applied; where a pair trades on more than one venue the highest value that day is taken. It covers the twelve largest pairs by loop size and is blank on any day where either rate is unavailable. This is a ceiling rather than a realised return: Net APY on Principal is what the book actually earned, and Top 25 Positions shows it per position.