The barbell — Fixed Income in Decentralized Finance | TheNode.pro

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Fixed Income in Decentralized Finance

The barbell

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Fixed Income in Decentralized Finance

Course Overview

What fixed income is here

1A maturity is the point

2The words on a bond

3What a bond ladder is

4Why ladders exist

TradFi shapes

5Hold to maturity

6The ladder, as a strategy

10A credit spread against a benchmark

The same shapes in DeFi

11A ladder becomes several PT dates

12A barbell only if both docs are live

13A bullet is one PT maturity

14Roll-down is a sale in the pool

15Credit versus a variable benchmark

16A floating-rate note is variable supply

Pendle

17SY, the wrapper

18PT, YT, and the parenthesis

19Where the zero-coupon analogy stops

20Discount and implied yield

22YT is not the fixed leg

What you must not stack

23Do not add the underlying APR to the implied yield

24Ethena, unresolved

25Other claims, or cut the row

26A naked PT versus posting it

The ladder on the policy

27The maturity ladder on the policy page

28Kill criteria

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