Market Cap
$654,915,725.1
Fully Diluted Valuation
$1,136,244,065.4
24 Hour Trading Vol
$88,560,055.2
Circulating Supply
162,268,617.0
Total Supply
281,527,448.5
Max Supply
∞
Pendle Price
$4.04
24h Range
$3.89 - $4.04
Percent Change 1h
-1.89%
Percent Change 24h
0.55%
Percent Change 7d
10.08%
All-time high
$7.50
All-time low
$0.034
1D
7D
1M
1Y
All
Pendle (PENDLE) is a decentralized finance (DeFi) protocol that allows users to tokenize and trade future yield from various DeFi assets. Launched in 2021, Pendle introduced a novel concept where users can separate the ownership of an asset from its yield, enabling liquidity and trading opportunities in the yield farming ecosystem. By utilizing Pendle, users can lock their yield-bearing assets into the protocol and mint two tokens: the underlying asset token and a yield-bearing token. This feature allows for greater flexibility in managing investments and generating potential returns.
Pendle was co-founded by a team of experienced blockchain professionals and developers, including:
The founding team is supported by advisors and contributors from various sectors within the blockchain and financial industries, ensuring a well-rounded approach to the project's development.
Pendle operates through a two-token system:
The process begins when users deposit their yield-bearing tokens (like those from Ethereum, Aave, or other DeFi protocols) into Pendle. Once deposited, they can mint corresponding A and Y tokens. Users can trade these Y tokens in the market, allowing them to sell future yield for immediate liquidity. Additionally, the holders of Y tokens can claim yield at a later date, enhancing investment strategies.
Yield generation works by allocating the deposited assets to various liquidity pools or lending platforms, where they generate returns over time. As users hold Y tokens, they can also stake them for additional rewards within the Pendle ecosystem.
Pendle's marketplace facilitates the buying and selling of Y tokens, enhancing liquidity and providing opportunities for users to capitalize on market movements. The trading of future yield enables a more dynamic and strategic approach to yield farming.
Ensuring the safety of your Pendle assets involves several key practices:
By following these practices, users can significantly reduce the risks associated with managing their Pendle assets and yield-bearing investments.
Investing in Pendle (PENDLE) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Pendle: Once your account is funded, you can purchase Pendle directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Pendle using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Pendle (PENDLE) is currently trading at $4.04 and exhibits good potential for future growth. Check the latest Pendle (PENDLE) price prediction.
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