Index
Indicators
Information about Pendle (PENDLE)
Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
Protocol Mechanics:
First, Pendle wrap yield-bearing tokens into SY(standardized yield tokens), which is a wrapped version of the underlying yield-bearing token that is compatible with the Pendle AMM (e.g. stETH → SY-stETH). SY is then split into its principal and yield components, PT (principal token) and YT (yield token) respectively, this process is termed as yield-tokenization, where the yield is tokenized into a separate token.
Both PT and YT can be traded via Pendle’s AMM. By providing liquidity to Pendle AMM, users can earn profit and receive other incentives.
As a yield derivative protocol, we are bringing the TradFi interest derivative market (worth over $400T in notional value) into DeFi, making it accessible to all. By creating a yield market in DeFi, Pendle unlocks the full potential of yield, enabling users to execute advanced yield strategies.
PENDLE is a native coin of the Pendle ecosystem, operating on Ethereum according to 20 standard, and can be used to:
Specifications
News
According to BeInCrypto, on October 23, Pendle large holders’ netflow was 165,260.
On October 25, the figure has increased to 1.33 million, meaning whales bought about 1.16 million PENDLE tokens, valued at $5.42 million.
According to Lookonchain, a fresh wallet withdrew 1.06 million PENDLE ($5.08 million) from Binance 14 hour ago.
According to Bloomberg, Pendle Finance has seen a surge in trading activity since it began integrating loyalty points programs in January.
Currently, around $6.4 billion in assets are staked to the protocol, which has essentially become a secondary market for trading crypto points and yields.
Data from DeFiLlama reveals that Pendle’s total value locked (TVL) has surpassed $6.6 billion, setting a new historical high.
The current TVL stands at $6.699 billion, indicating a significant growth in the platform’s popularity and usage.
People also own