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Pendle PENDLE |
BUY
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$1.13 |
-0.11% (24h) |
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Marketcap |
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$188,415,487 |
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Volume 24h |
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$20,642,891 |
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Description
Pendle (PENDLE) is a decentralized finance (DeFi) protocol that allows users to tokenize and trade the future yield generated by their crypto assets. It splits yield-bearing tokens into two separate components: the "Principal Token" and the "Yield Token," providing users with advanced tools for hedging or speculating on interest rates. This innovative approach creates a brand new market for "yield derivatives," enabling stakers to lock in fixed rates or amplify their potential earnings. The PENDLE token is used for governance and to incentivize liquidity providers who support the protocol’s unique trading pools.