|Before you reading,
Don't miss coins like PEPE again! Click here to find new PEPEs!
What is Pendle (PENDLE)?
|Did you missed the PEPE? No worries, click here to 100x potential memes!
Pendle is a tokenized yield protocol that provides investors with access to the future returns of an asset. Unlike other tokenized yield protocols, Pendle is unique with its decaying automated market maker (AMM) feature and other yield components. This DeFi protocol is built on the Ethereum blockchain.
Pendle (PENDLE) Token Economy
Pendle’s native token is PENDLE. It is an ERC-20 utility token with a total supply of 231,725,335 tokens. The circulating supply is 198 million tokens. PENDLE is used to govern the protocol’s completion and support the value accrual mechanism. PENDLE is a hybrid inflation token with a constant inflation rate of 2%.
How to Buy Pendle (PENDLE)?
- Create an account on our recommended exchange platform.
- Deposit suitable cryptocurrency (USDT) or fiat currency (Dollar, GBP, EURO) into your account.
- Place a purchase order for PENDLE/USDT.
- Wait for your transaction to be completed and store your Pendle (PENDLE) coins in your wallet.
|You are looking to New 1000x Potential Gems: We recommended to Click Here to Buy Safely!
Use Cases of Pendle (PENDLE)
Pendle was created to enhance the yield trading experience for crypto users. In this way, its founders have focused on making crypto yield trading more widespread. They have also recognized the challenge of time decay. The platform allows asset holders to deposit their yield-generating assets into Pendle accounts. Once this is done, a PT token representing the deposited underlying asset is minted by Pendle. Additionally, a yield token or YT representing the future returns of that asset is minted. It is important to note that PT and YT have a specific duration and must be claimed before the expiration dates of the associated assets.
Pros and Cons of Pendle (PENDLE)
Among the pros of Pendle are its flexibility in managing assets and its use of an advanced AMM that overcomes time decay in yield trading. However, its cons include being a new platform and relying on the potentially risky crypto market.
What Will Happen to the Price of Pendle (PENDLE) in the Future?
The future price of Pendle (PENDLE) token is unpredictable. Crypto markets are generally volatile, and prices can change depending on many factors. Therefore, it is uncertain how the price of Pendle (PENDLE) token will develop, and it is recommended to conduct your own research.
General Details of Pendle (PENDLE)
Pendle was created by an anonymous group using the pseudonyms TN Lee, GT, YK, and Vu. Based in South Korea, Pendle has received a $3.7 million investment from Bitscale Capital, Cryptocom Capital, Fisher8 Capital, Strategic Round Capital, and other investors. The project was officially launched in June 2021. To date, its trading volume has exceeded $350 million. The Pendle team has significantly grown since the beginning to support the platform’s continuous growth and development.