Pendle (PENDLE) is a decentralized finance (DeFi) protocol that enables users to tokenize and trade future yields of interest-generating assets.
Launched in June 2021, Pendle introduces a new dimension in yield management within the DeFi ecosystem, offering flexibility and optimization opportunities for investors.
Main Features:
Tokenization of Future Yields: Pendle allows users to separate an income-generating asset into its principal value and its future yield, creating tokens that represent each component. This facilitates the independent trading of each part, providing new investment strategies.
Yield Market: The platform offers a specialized market where users can buy and sell yield tokens, allowing speculation and management of risks associated with future yields.
Specialized Automated Market Maker (AMM): Pendle uses an AMM specifically designed for trading yield and principal tokens, optimizing liquidity and efficiency in transactions.
Utilities:
PENDLE Token: It is the native token of the platform, used for governance and as an incentive for liquidity providers and ecosystem participants.
Governance Participation: PENDLE holders can participate in key decisions affecting the development and policies of the protocol, influencing its future evolution.
Incentives for Liquidity Providers: Users who provide liquidity to Pendle's pools are rewarded with PENDLE tokens, encouraging active participation in the ecosystem.
White Paper:
Pendle has an official white paper titled:
- "A study on AMMs for trading fixed yield and Pendle V2’s AMM"
This document is available in the official Pendle repository on GitHub.
Annual Price Evolution of Pendle (PENDLE):
This is a list with the approximate price of PENDLE at the end of each year since its launch:
2021: $0.50
2022: $0.10
2023: $0.30
2024: $6.03 (as of December 11)
* Pendle positions itself as an innovative solution in the DeFi space, allowing users to manage and trade future yields flexibly and efficiently *
