"The Dream Misalignment Caused by the Space-Time Contract - Programming the Transaction Nature of Hong Kong Parking Spaces in DeFi Language" (Author @agintender) examines another seemingly unrelated field - the precious parking space market in Hong Kong, and finds that many traditional financial operations are essentially shadows of Pendle, just lacking a clear, programmable language to describe them; when a Hong Kong person says "buying a parking space is better than buying stocks," they are primarily trading the "YT attribute" of that parking space; the yield is not a taken-for-granted "accessory," but an independent asset. When you separate the right to yield from the asset, the market will brutally tell you how much it is really worth. Read more: