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 ¹ ² ³.$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) ³.

- _AMM Model_: Pendle's AMM integrates pseudo-AMM mechanisms with flash swaps, enhancing capital efficiency and minimizing impermanent loss ³.

- _Cross-Chain Compatibility_: Pendle is available on Ethereum, Arbitrum, BNB Chain, and Optimism ⁴.

*Market Data:*

- _Current Price_: $4.32 ¹

- _Market Capitalization_: $695 million ¹

- _Circulating Supply_: 160 million PENDLE ¹

- _Total Supply_: 258 million PENDLE ¹

*Use Cases:*

- _Yield Management_: Pendle's platform supports the splitting of yield-bearing assets for fixed or variable yield earnings ³.

- _Trading_: Pendle enables users to trade PT and YT, allowing for wagering on yield variations ³.

- _Liquidity Provision_: Pendle offers dual income sources for liquidity providers with PT and YT swaps ³.

You can find more information about Pendle on CoinGecko, CoinMarketCap, and TradingView ² ⁵ ⁶. Would you like to know more about Pendle's potential or its