Learn it in five minutes
The whole PT/YT strategy, in plain language. Each idea ends on a live market so you can see it for real.
Implied APY is just a breakeven
When you buy a yield token (YT), the “implied APY” is the yield the market is betting it'll earn. Pay a low implied APY and you're getting in cheap — you win if real yield (or points) beats it. Pay a high one and you're paying up. FLOOR shows you which, at a glance.
Floor vs. ceiling
On any single day you can't tell if today's price is a floor (about to rise) or a ceiling (about to sink). But its own 90-day history gives a probabilistic read. Near the bottom of the range = historically cheap. Near the top = historically pricey. That's the band.
Cheap only counts if there's time left
Averaging into dips makes sense only while enough time-to-maturity remains — points need time to accrue. Near maturity, “cheap” is just the clock running out. FLOOR's time guard trims your plan automatically inside the danger zone.
Sell into strength
The classic move: sell YT into a rising implied APY. The token appreciates, you recover principal instead of riding decay to zero. When a market drifts to the top of its band, that's your cue to consider banking it — described, never advised.