PENDLE Token Overview
Key Distribution Details
- Launch Date: April 29, 2021
- All-Time High: $7.5308 (April 12, 2024)
- All-Time Low: $0.033144 (November 13, 2022)
- Initial Offering Method: IDO (Initial DEX Offering)
- Market Cap: $874.45M (Rank #68)
- Circulating Supply: 238.18M PENDLE (92.16% of max supply)
What Is Pendle?
Pendle is a decentralized yield-trading protocol that tokenizes future yield streams on AMM systems. It enables users to:
- Trade yield-generating assets with enhanced flexibility
- Lock in future yields upfront
- Earn fixed or variable returns via its unique PT/YT mechanism
👉 Discover how Pendle revolutionizes yield management
Core Components
Yield Tokenization:
- Converts yield-bearing assets into SY (Standardized Yield Tokens)
- Splits into Principal Tokens (PT) and Yield Tokens (YT)
Pendle v2 AMM:
- Capital-efficient design allowing PT/YT swaps via flash swaps
- Single liquidity pool for all transactions
PENDLE Token Utility
| Use Case | Description |
|----------|------------|
| Liquidity Incentives | Rewards for protocol LPs |
| Governance (vePENDLE) | Vote on emission directions |
| Fee Accumulation | Earn from swap fees (0.3%) + YT fees (3%) |
Tokenomics Highlights:
- Max Supply: 258.45M PENDLE
- Current Emission Rate: 460K PENDLE/week (decreasing 1.10% weekly until 2026)
- Final Inflation Rate: 2.00% annually post-2026
Why Invest in PENDLE?
✅ Innovative Yield Trading: Unlocks new DeFi strategies
✅ Dual Income Streams: Fees from swaps + yield redistribution
✅ Strong Tokenomics: Controlled emissions with clear utility
👉 Track PENDLE’s latest price action
FAQs
Q: How does Pendle differ from traditional yield platforms?
A: Pendle tokenizes future yields, allowing users to trade or lock them independently of underlying assets—unlike static staking models.
Q: What’s the role of vePENDLE?
A: Locking PENDLE grants voting rights to direct liquidity incentives and earns a share of protocol fees.
Q: Is PENDLE’s supply inflationary?
A: Yes, but emissions decrease weekly until 2026, stabilizing at 2% annual inflation thereafter.
Q: Which chains support Pendle?
A: Ethereum, Arbitrum, and BNB Chain (with potential expansions).
Data accuracy verified as of April 2024. Always conduct independent research before investing.
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