Pendle
About Pendle
Pendle is a yield-trading protocol that tokenises future yield by splitting yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT). This allows users to lock in fixed yields, trade yield exposure, or speculate on future rates. Pendle has found product-market fit with liquid staking tokens and restaking points trading.
Key Features
- Yield tokenisation (PT/YT split)
- Fixed yield products
- Yield speculation
- AMM designed for time-decaying assets
- Points trading
- vePENDLE governance
- Multi-chain deployment
Risks
- Complexity risk (PT/YT mechanics)
- Smart contract risk
- Impermanent loss in Pendle AMM
- Underlying yield variability
- Points/airdrop speculation risk
Community & Socials
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