Name: Pendle
SKU: PENDLE
Price: 4.404706794389 USD

Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies.There are 3 main parts to fully understand Pendle:<ol><li>Yield TokenizationFirst, Pendle wrap&nbsp;yield-bearing tokens&nbsp;into&nbsp;SY(standardized yield tokens), which is a wrapped version of the underlying yield-bearing token that is compatible with the Pendle AMM (e.g. stETH → SY-stETH). SY is then split into its principal and yield components,&nbsp;PT&nbsp;(principal token) and&nbsp;YT&nbsp;(yield token) respectively, this process is termed as yield-tokenization, where the yield is tokenized into a separate token.</li><li>Pendle AMMBoth PT and YT can be traded via Pendle’s AMM. Even though this is the core engine of Pendle, understanding of the AMM is not required to trade PT and YT.</li><li>vePENDLEAs a yield derivative protocol, we are bringing the TradFi interest derivative market into DeFi, making it accessible to all.By creating a yield market in DeFi, Pendle unlocks the full potential of yield, enabling users to execute advanced yield strategies, such as:<ol><li>Fixed yield (e.g. earn fixed yield on stETH)</li><li>Long yield (e.g. bet on stETH yield going up by purchasing more yield)</li><li>Earn more yield without additional risks (e.g. provide liquidity with your stETH)</li><li>A mix of any of the above strategies</li></ol></li></ol>

Arbitrum Ecosystem

BNB Chain Ecosystem

Ethena Ecosystem

Ethereum Ecosystem

Mantle Ecosystem

Optimism Ecosystem

Ecosystem Fund (Unallocated)

Team

Ecosystem Fund (Allocated)

Private Round

Liquidity Bootstrapping Pool

Advisors

Liquidity Incentives

Launchpool on Binance. Details:<ul><li>Token Name: Pendle (PENDLE)</li><li>Total Token Supply: 251,061,124 PENDLE </li><li>Launchpool Token Rewards: 5,021,222 PENDLE (2% of total token supply)</li><li>Circulating Supply: 140,192,253.58 PENDLE (56% of the total token supply)</li><li>Smart Contract Address: Ethereum, Arbitrum</li></ul>

Pendle

Pendle is an on-chain yield asset aggregator that enables the separation and trading of future yield.

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Pendle PENDLE

Pendle Arbitrage