What is Pendle?
Pendle is a decentralized finance (DeFi) protocol built on the Ethereum platform that allows users to manage and trade future cash flows of cryptocurrency assets. It enables the tokenization and trading of future yield on Ethereum and Avalanche, allowing holders of yield-bearing assets to lock in future yields in advance. Pendle creates a market where cash flows from crypto assets can be split into principal and yield components.
Pendle goals
The purpose of Pendle is to facilitate easier yield trading for cryptocurrency users. The company's creators have done this to bring trading in crypto yields into the mainstream. Pendle aims to establish a digital environment for cryptocurrency enthusiasts in possession of yield-producing assets, offering a time decay feature that aids users in enhancing their profits and securing potential gains in advance.
Pendle fondamentals
PENDLE serves as the native token of Pendle Protocol. As an ERC-20 utility token, it has a total supply of 281527448 PENDLE. PENDLE is primarily used for governance purposes within the protocol and plays a key role in managing protocol operations and value accrual. In terms of its tokenomics, PENDLE follows a hybrid inflationary model with a perpetual inflation rate of 2%. The token distribution plan includes allocation to liquidity incentives, the team, investors, the ecosystem fund, and advisors.
Marketcap
$0.58759369B
Total number of Pendle
281527448 PENDLE
Pendle technology
Pendle operates on the Ethereum blockchain and introduces unique strategies for its users to maximize their yield potential. The protocol utilizes three fundamental elements: Yield Tokenization, Automated Market Maker (AMM), and Governance. Pendle's V2 Automated Market Maker (AMM) is specifically designed for trading yield, focusing on the unique characteristics of Principal Tokens (PT) and Yield Tokens (YT).
Pendle competitors
Pendle differentiates itself from competitors by introducing a unique yield-trading protocol that enables users to execute various yield-management strategies. The platform provides users with tools to optimize their yield returns in both bull and bear markets. Pendle's competitive advantages include its permissionless yield-trading protocol, advanced yield strategies, and efficient yield market.
Pendle price history
Frequently asked questions
Pendle Finance is a permissionless DeFi protocol that enables the tokenization and exchange of future yields through a automated market maker (AMM).
The purpose of Pendle is to facilitate easier yield trading for cryptocurrency users and bring trading in crypto yields into the mainstream.
The total supply of PENDLE tokens is 281527448 PENDLE.
Pendle operates on the Ethereum blockchain and introduces unique strategies for its users to maximize their yield potential, utilizing three fundamental elements: Yield Tokenization, Automated Market Maker (AMM), and Governance.
PT represents the underlying staked asset, while YT represents the future yield of the staked asset. Both PT and YT tokens are tradeable on Pendle AMM.
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