# Yield Leverage Open **Yield Leverage (YT)** and choose a market. Its YT entitles the holder to the associated interest-bearing token's yield until expiry. Use **Buy** or **Sell**, select an available input/output asset and enter the amount. Review **Output**, **Earn Yield On**, **Implied APY** and **Yield Leverage**, then **Notional Amount**, **Pool Fee**, **Price Impact** and **Min. received** under **Details**. The **Slippage** control sets the tolerance that the confirmation step repeats as **Slippage Tolerance**. Minimum received is denominated in the selected output token: YT when buying, and your chosen asset when selling. Token units and decimals can differ. **Earn Yield On** is the underlying exposure whose yield the YT output captures: the YT amount multiplied by the current PT rate, expressed in the underlying token. **Implied APY** reflects the market's price for future yield. **Yield Leverage** is how much of that exposure the quote buys per unit of input value. The market header's **Max Yield Leverage** is the market-wide upper bound at the current price, a priced exposure estimate rather than a guaranteed return. An unavailable price should be shown as unavailable; it does not imply a 1× position. The **Notional Amount** accounts for the underlying exposure involved in the route, rather than treating all YT, PT and IBT units as interchangeable. Yield Leverage quote with explicit USDC exposure, YT output and minimum received. *Example from the combined app implementation. Quotes and prices change with the market.* Approve the required token if prompted, then confirm **Buy YT** or **Sell YT**. After confirmation, check Portfolio. Use **Actions → Claim Yield** when claimable yield is available. Previously claimed amounts are distinct from amounts available to claim now. YT stops accruing new yield at expiry. You can still [claim remaining accrued yield](/docs/spectra/app-help/claim-accrued-yield). Before expiry, matching PT and YT can be [burned together](/docs/spectra/app-help/withdraw-pt-yt). [Yield Token FAQ](/docs/spectra/the-basics/faq#yield-token-yt)