Pendle Review: Decentralized Exchange (DEX)


Pendle review
Pendle
Category Decentralized Exchange SWAP DEX



Pendle Review

What is Pendle

Pendle is a decentralized finance (DeFi) platform that enables users to tokenize and trade future yield on their crypto assets. Launched in 2021, Pendle allows users to stake their tokens in yield-generating protocols while simultaneously selling their expected future yields as Pendle tokens (PT). This innovative approach creates liquidity for assets that typically lock up capital, offering users a way to unlock immediate value from otherwise stagnant investments.

Pendle operates on the Ethereum blockchain and supports various assets, facilitating the creation of yield-bearing tokens (YT) tied to a specific lock-up period. Users can either hold these YT tokens to accrue the associated yield or trade them in the Pendle marketplace, creating an efficient market for yield optimization. The protocol combines features of both yield farming and liquidity provision, attracting both casual and seasoned DeFi participants.

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