--- hide_table_of_contents: true title: FAQ --- # FAQ ## General ### What does the maturity date mean? Each PT and YT has an maturity date. For PT, you can redeem the full underlying yield-bearing token after this date. For YT, the yield of the yield-bearing token is only accrued up until the maturity date, after which YT has no value. ### What happens if I do nothing after my market matures? Nothing is lost. Your PT stays redeemable 1:1 and your LP rewards stay claimable, but neither earns any further yield, so your capital sits idle. You can [roll over](https://docs.pendle.finance/pendle-v2/AppGuide/RollOver) into a new market or redeem out at any time. ### Why is the Underlying APY shown on Pendle differ from the APY shown in the underlying protocol? The Underlying APY displayed on Pendle is a 7-day average of the underlying protocol (with some assets like GLP as exceptions) to smoothen out short-term fluctuations of the underlying protocol's APY. ## Liquidity Provision ### What do I receive in return for providing liquidity? * Swap fees generated by the pool * PENDLE incentives * Protocol incentives emitted by the underlying asset (e.g. $COMP, $AAVE) ### Do I have to stake my LP to earn rewards? No, you do not have to stake LP tokens. All LP token holders will receive their fair share of the rewards. ## Security ### Is Pendle audited? The Pendle codebase has been fully audited by reputable auditors and all flaws have been addressed. Read the audit reports [here](https://github.com/pendle-finance/pendle-core-v2-public/tree/main/audits). Nonetheless, users are advised to exercise caution and deploy funds prudently. ### What risks are there associated with using the protocol?

Risk Warning: Since Pendle interacts with third-party protocols and contracts, there is inherent risk associated with the smart contracts and systems deployed by the third-party protocols. Pendle is not responsible for any funds lost due to exploits in third-party contracts.