Introduction to Pendle Finance
Pendle Finance is an innovative DeFi protocol specializing in yield tokenization and trading. It enables users to implement various yield management strategies through three core components:
Yield Tokenization: Splits yield-bearing assets into:
- Principal Tokens (PT): Redeemable 1:1 for underlying assets at maturity (no yield)
- Yield Tokens (YT): Represent the asset's yield until maturity
Pendle AMM: Facilitates efficient trading of PT and YT:
- Fixed-income seekers buy PT
- Yield maximizers purchase YT
- VePendle: Pendle's governance system for protocol decisions
👉 Discover how Pendle revolutionizes DeFi yield markets
Key Statistics (Updated Jan 2025)
| Metric | Value |
|---|---|
| Current Price | $3.34 |
| 24h Trading Volume | $6.41M |
| All-Time High | $7.50 |
| Total Supply | 281.52M PENDLE |
| Market Cap | $941.54M |
| Circulating Supply | 164.62M PENDLE |
Project Highlights
- TVL: $2.35 billion
- Total Trading Volume: $26.1 billion
- Introduces traditional finance's principal/yield separation to crypto
- Enhances liquidity and flexibility in interest rate markets
Team & Funding
Leadership:
- TN Lee (Co-founder/CEO): Ex-Kyber Network founding member
- Vu Nguyen (Co-founder): Former Digix technical lead
- Long Vuong Hoang (Engineering Lead): Paradigm Fellow
Funding Rounds:
- April 2021: $3.5M (Mechanism Capital-led)
- April 2023: Bixin Ventures investment (undisclosed)
- August 2023: Binance Labs investment (undisclosed)
Tokenomics (PENDLE)
- Type: ERC-20
- Total Supply: 258,446,028
Distribution:
- Liquidity Mining: 37%
- Team: 22%
- Foundation: 16%
- Investors: 15%
- Public Fund: 7%
- Binance Launchpool: 2%
- Advisors: 1%
👉 Explore PENDLE token utility
Community Channels
- Twitter: @pendle_fi
- Telegram: t.me/pendlefinance
- Discord: discord.gg/EAujvncY2R
Official Resources
- Website: pendle.finance
- Whitepaper: docs.pendle.finance
- LinkedIn: PendleFinance
FAQ Section
What makes Pendle unique among DeFi protocols?
Pendle introduces principal/yield separation to crypto markets, allowing users to lock future yields or speculate on interest rates - a first in decentralized finance.
How does Pendle's AMM differ from traditional DEXs?
The Pendle AMM specializes in trading time-decaying yield instruments (PT/YT) with customized curves that account for maturity dates and yield projections.
What are the risks of using Pendle Finance?
Key risks include smart contract vulnerabilities, impermanent loss in PT/YT pools, and interest rate fluctuations affecting YT valuations. Always conduct thorough research before participating.
How can I stake PENDLE tokens?
PENDLE holders can lock tokens to receive vePendle (vote-escrowed PENDLE), which grants governance rights and a share of protocol revenue.
What chains does Pendle support?
As of 2025, Pendle operates on Ethereum mainnet with expansions planned for Layer 2 solutions to reduce gas costs for yield traders.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry substantial risk - only invest what you can afford to lose.
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