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Pendle (PENDLE) is the 1347th largest cryptocurrency in the world by market cap, valued at $65,894,575. The current price of Pendle is $0.284365, which is -5.527% lower than yesterday. Prices have ranged between $0.309691 and $0.25877 over the past 24 hours. All prices are listed in US dollars and accurate as of March 26, 2023 05:03 UTC.
PENDLE is the native token of the Pendle protocol. It is an ERC-20 token built on Ethereum.
Pendle is a unique automated market maker (AMM) built on top of existing protocols. Pendle is the first protocol to allow for trading tokenised future yield. With Pendle, holders of assets that generate yield can lock in future yield upfront, without underlying collateral.
When holders of yield-generating assets deposit their tokens on Pendle, the user mints ownership tokens (OT) and yield tokens (YT). Ownership tokens represent the underlying principal, while yield tokens can be used in 2 different ways: depositing YT to earn fees and selling YT.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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