Single-Asset Liquidity Pool

Unlike traditional PT/SY or PT/YT dual-asset pools, the Minke Liquidity pool accepts only one asset: BT. How it works

• LPs deposit only BT → receive LP shares + (depending on current pool state) either PT or YT

• Internally, the contract maintains a virtual PT/BT trading pair (vPT <-> BT)

• The pool is always delta-neutral for LPs: they are never forced to hold PT or YT long-term

• Capital efficiency is 2× higher than classic Pendle-style pools