Pendle (PENDLE) is a decentralized protocol that enables the tokenization and trading of future yield, giving users more control over their investments. It's built on the Ethereum blockchain and utilizes a novel Automated Market Maker (AMM) that supports assets with time decay Âč ÂČ Âł.$PENDLE
*Key Features:*
- _Tokenization of Yield_: Pendle allows users to split yield-bearing assets into two distinct components: Principal Tokens (PT) and Yield Tokens (YT) Âł.
- _AMM Model_: Pendle's AMM integrates pseudo-AMM mechanisms with flash swaps, enhancing capital efficiency and minimizing impermanent loss Âł.
- _Cross-Chain Compatibility_: Pendle is available on Ethereum, Arbitrum, BNB Chain, and Optimism âŽ.
*Market Data:*
- _Current Price_: $4.32 Âč
- _Market Capitalization_: $695 million Âč
- _Circulating Supply_: 160 million PENDLE Âč
- _Total Supply_: 258 million PENDLE Âč
*Use Cases:*
- _Yield Management_: Pendle's platform supports the splitting of yield-bearing assets for fixed or variable yield earnings Âł.
- _Trading_: Pendle enables users to trade PT and YT, allowing for wagering on yield variations Âł.
- _Liquidity Provision_: Pendle offers dual income sources for liquidity providers with PT and YT swaps Âł.
You can find more information about Pendle on CoinGecko, CoinMarketCap, and TradingView ÂČ â” â¶. Would you like to know more about Pendle's potential or its