PENDLE is another recent favorite of Binance. It was listed on Binance Innovation Zone on July 3, and USDT margin trading pairs and new coin mining were opened at the same time. Use BNB and TUSD to mine PENDLE. PENDLE is a new type of Defi application, and the core content is the tokenization of income. What is income tokenization? Let me give you a popular introduction. Pendle is based on the existing interest-bearing protocol, issues interest-bearing tokens, and tokenizes the income. For example, in Lido, the leading LSD platform, depositing ETH to participate in LSD can get stETH, which will bring income to participants. Depositing DAI in Compound can get income. And so on. For all such applications that can generate income, Pendle issues interest-bearing products based on these interest-bearing applications. Participating in the use of corresponding tokens and participating in Pendle's products is equivalent to indirectly participating in interest-bearing projects. For example, I can use stETH to participate in Pendle's product. I can get Pendle's interest-bearing tokens, or principal tokens plus income tokens.