Glossary

Yield-bearing Token - Any token that could generate yields. For example sSUI / sUSDC sUSDT on Scallop, vSUI on Volo.

Underlying Asset / Underlying Token - A underlying asset /token is the token that the yield-bearing token represents. For example the underlying asset for sSUI is SUI deposited in Scallop; and the underlying asset for vSUI is the SUI staked in Volo.

Underlying Yield / Underlying APY - The current yield / APY of the underlying token. The underlying APY of sSUI is 5% means that currently the APY for depositing SUI in Scallop is 5%.

Maturity - On Nemo, every PT / YT has a manually set date. So far, only the Nemo team are allowed to create a pool and set the date, which is called maturity. Setting a maturity is to determine a specific date, which helps PT / YT obtain a reasonable pricing from the market.

PT (Principle Token) - PT represents the principle component of a yield bearing token. 1 PT gives the right to redeem 1 underlying asset UPON maturity.

YT (Yield Token) - YT represents the yield component of a yield bearing token. 1 YT gives the right to continually receiving the yield of 1 underlying asset UNTIL maturity.

Fixed APY (PT APY)- The APY that is guaranteed of buying and holding PT upon maturity.

Leveraged APY (YT APY)- APY for buying and holding YT until maturity, assuming the average future APY is same as the current underlying APY.