Pendle splits yield-bearing assets into Principal Tokens (PT) for fixed yield and Yield Tokens (YT) for floating yield. The API returns four position types across Pendle markets.
Principal Tokens for fixed yield — includes implied APY, locked APY, expiry date, and PT discount
Yield Tokens for floating yield — includes implied APY, expiry date, and accrued interest
Liquidity provider shares with LP APY and implied APY
Standardized Yield tokens with balance and USD value