> For the complete documentation index, see [llms.txt](https://harmonix-finance.gitbook.io/harmonix-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://harmonix-finance.gitbook.io/harmonix-docs/use-cases/pendle.md).

# Pendle

Harmonix’s integration with **Pendle** enables advanced yield strategies, including **yield trading**, **fixed yield**, and **yield management**. Pendle tokenizes yield by splitting assets into:

* **PT (Principal Token)** – represents the underlying asset
* **YT (Yield Token)** – represents the future yield

All of this is done **without wrapping the underlying asset**. With haHYPE, and haKHYPE activated on Pendle, users can:

* Trade yield
* Earn **Harmonix points**

{% embed url="<https://www.pendle.finance/>" %}