Pendle

About Pendle

Pendle (PENDLE) is a decentralized finance protocol that enables the tokenization and trading of future yield from yield-bearing assets. By splitting tokens into principal and yield components, Pendle allows users to trade future yield independently, unlocking new strategies for fixed income, yield speculation, and hedging. Its novel automated market maker is designed to handle time-decaying assets, making it uniquely suited for yield markets. Built on Ethereum and expanding to other networks, Pendle attracts DeFi users seeking greater control and flexibility over their yield-generating positions.