Pendle
Pendle is a decentralized finance (DeFi) platform that allows users to manage and trade the future returns (yields) of their crypto assets. By separating an asset's principal amount from its expected yield, Pendle provides users with greater flexibility in handling their investments.
Key Features:
- Yield Tokenization: Pendle divides yield-bearing assets into two parts:
- Principal Tokens (PT): Represent the original amount of the asset.
- Yield Tokens (YT): Represent the future returns generated by the asset.
- Yield Trading: Users can trade these tokens separately, allowing them to:
- Lock in fixed returns by selling YT.
- Speculate on future yield changes by buying YT.
- Automated Market Maker (AMM): Pendle uses a specialized AMM designed for assets with time-based value changes, ensuring efficient and fair trading.
- Multi-Chain Support: Pendle operates on multiple blockchain networks, including Ethereum, Arbitrum, BNB Chain, and Optimism, enhancing accessibility for users.
Pendle Finance - vePENDLE Governance: Holders of the PENDLE token can lock their tokens to receive vePENDLE, granting them voting rights on protocol decisions and a share in the platform's revenue.
