Fellow Binancians,
Binance is excited to announce the 35th project on Binance Launchpool - Pendle (PENDLE), a yield-trading protocol that separates a yield-bearing asset into its principal and yield components allowing users to earn fixed or flexible yields. The webpage is estimated to be available in 4 hours, before the Launchpool starts.
Users will be able to stake their BNB and TUSD into separate pools to farm PENDLE tokens over 25 days, with farming starting from 2023-07-04 00:00 (UTC).
Pendle Launchpool Details:
Token Name: Pendle (PENDLE)
Total Token Supply: 251,061,124 PENDLE
Launchpool Token Rewards: 5,021,222 PENDLE (2% of total token supply)
Circulating Supply: 140,192,253.58 PENDLE (56% of the total token supply)
Smart Contract Address: Ethereum, ARBITRUM
Staking Terms: No upper limit. KYC required
Supported Pools:
Stake BNB (webpage will be available in around 4 hours): 4,016,977.60 PENDLE in rewards (80%)
Stake TUSD (webpage will be available in around 4 hours): 1,004,244.40 PENDLE in rewards (20%)
Farming Period: 2023-07-04 00:00 (UTC) to 2023-07-28 23:59 (UTC).
PENDLE Farming Distribution
Read about Pendle (PENDLE) in our research report here.
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
Binance BNB Vault will support the PENDLE Launchpool. Users who have staked their BNB in BNB Vault will automatically participate in the PENDLE Launchpool, and receive PENDLE rewards daily in their Spot Wallets.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Project Links
Website: https://www.pendle.finance/
Whitepaper: https://github.com/pendle-finance/pendle-v2-resources/tree/main/whitepapers
Twitter: https://twitter.com/pendle_fi
Discord: https://pendle.finance/discord
Medium: https://medium.com/pendle
Telegram: https://t.me/pendlefinance
Participation in Launchpool is subject to eligibility based on the user's country or region of residence.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming PENDLE.
Currently, users residing in the following countries or regions will not be able to participate in farming PENDLE: Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Thanks for your support!
Binance Team
2023-07-03
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
