Researched coins: 629
Exchanges: 1,020
Market Cap: 2.8T
24h Vol: 131.4B
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Pendle Price, Live Chart & Market Cap

Pendle: A DeFi platform for tokenized yield, flexible trading, and staking crypto

Overview of Pendle’s Role in DeFi

Pendle helps users trade and fix future yield. It serves as a dynamic hub for tokenized interest, letting you switch between stable returns and variable yield. Pendle’s name appears everywhere in DeFi, tying together multiple blockchains and top yield sources.

Pendle: Unlocking Fixed and Flexible Yield in DeFi

Utility & Use Cases PENDLE

Staking & Yield

Staking & Yield

Pendle’s stake model (vePENDLE) rewards long-term holders. • Lock PENDLE for voting rights on reward allocation. • Secure additional yield through boosted incentives.
Liquidity Provision

Liquidity Provision

Provide liquidity in custom pools designed for PT and YT trading. • Earn swap fees from two correlated markets. • Minimize impermanent loss with time-based pricing.
Rewards & Governance

Rewards & Governance

Token holders can shape Pendle’s future. • Vote to direct incentives toward preferred yield markets. • Benefit from external bribes and fee sharing.

Pendle Technologies Overview

Custom AMM

Custom AMM

Pendle’s AMM supports trading principal and yield tokens in one pool. This ensures higher capital efficiency and streamlined swaps.
Smart Contracts

Smart Contracts

Pendle relies on secure, audited code. Automated operations handle minting, redeeming, and trading to deliver consistent functionality.
Innovative Tech

Innovative Tech

Pendle V2 introduced advanced liquidity mechanics, lowering impermanent loss. Future updates aim to tap off-chain rates for broader yield opportunities.

Funding

Pendle raised funds through a Balancer LBP in April 2021 and a private seed round. Top backers like Binance Labs and Spartan Group supported its growth. The public sale distributed millions of PENDLE at an average price around $0.80, securing essential capital for development and liquidity incentives.

Roadmap

Pendle V2 Launch

Enhanced AMM, vePENDLE governance, and multi-chain expansion. Deployed to Ethereum, Arbitrum, BNB Chain, and more.

Permissionless Markets

Upcoming feature to let any user create new yield markets without team approval, unlocking more assets and flexibility.

Boros (Pendle V3)

Future innovation to enable leveraged yield trading and off-chain rate integration. No new token needed, but more ways to earn.

Pendle Security & Audit Reports

Pendle underwent multiple audits by firms like ChainSecurity. It runs a bug bounty and uses multi-sig controls to safeguard funds. No direct exploits have affected Pendle’s core contracts to date.

FAQ

How to stake Pendle?

+
Lock PENDLE into vePENDLE for a chosen period and gain voting power plus fee rewards.

How to set up a Pendle wallet?

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Use an Ethereum-compatible wallet (like MetaMask), then switch networks to match Pendle’s deployment.

Can I trade Pendle on a crypto exchange?

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Yes. Pendle is listed on platforms like Binance and Coinbase, plus DEXs on supported chains.

Is Pendle safe for staking crypto?

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The protocol is audited and has a bug bounty. Still, consider underlying asset risks and your risk tolerance.

What benefits does vePENDLE provide?

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It grants governance rights, a share of protocol fees, and boosts on farming rewards.

Is liquidity mining profitable on Pendle?

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Providers earn fees from two related markets and can receive extra PENDLE incentives if they stay long term.

Top Crypto Exchanges to Trade Pendle (PENDLE)

# Exchange Pair Price 24h Volume
1
Binance
PENDLE/USDT ~$3.59 $21,955,166
2
WhiteBIT
PENDLE/USDT ~$3.59 $4,763,935
3
LBank
PENDLE/USDT ~$3.59 $4,944,708
4
Azbit
PENDLE/USDT ~$3.58 $1,865,555
5
MEXC
PENDLE/USDT ~$3.58 $2,932,326
6
Bybit
PENDLE/USDT ~$3.59 $6,301,874
7
HTX
PENDLE/USDT ~$3.59 $14,188,522
8
Gate.io
PENDLE/USDT ~$3.59 $6,241,730
9
Bitget
PENDLE/USDT ~$3.6 $3,230,411
10
BTSE
PENDLE/USDT ~$3.58 $868,562
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Pendle
Pendle PENDLE Price
#62
$4.18
-2.14%
Market Cap
Market capitalization of Pendle (PENDLE) represents the total value of all circulating tokens. It is calculated by multiplying the current price of one token by the total number of tokens in circulation
$677,590,473
Fully Diluted Variation
Fully diluted valuation of Pendle (PENDLE) represents the theoretical market cap if all tokens that will ever exist were in circulation. It provides insight into the long-term value projection assuming the maximum supply is reached
$1,175,419,590
24 Hour Trading Vol
24-hour trading volume shows the total amount of Pendle (PENDLE) traded across all exchanges over the past day. Higher volumes generally indicate more market liquidity and interest in the token
$73,458,062
Total Value Locked (TVL)
Total Value Locked (TVL) represents the aggregate value of Pendle (PENDLE) and other assets deposited in DeFi protocols. It indicates the overall usage and adoption of Pendle (PENDLE) in decentralized finance applications
$5,114,854,092
Circulating Supply
Circulating supply shows the number of Pendle (PENDLE) tokens currently available and circulating in the market. This excludes locked, reserved, or unissued tokens that cannot be sold or traded
162,291,251.95
Total Supply
Total supply represents all Pendle (PENDLE) tokens that currently exist, including both circulating tokens and those locked in various protocols or treasuries. It excludes tokens that will be created in the future
281,527,448.46
Max Supply
Maximum supply indicates the absolute maximum number of Pendle (PENDLE) tokens that will ever exist. This is a hard cap programmed into the token's protocol that cannot be exceeded, ensuring scarcity over time
281,527,448.46

Info

Contract
Ethereum Network 0x808...b8da827
Copied
MetaMask
  • Base Network 0xa99...29eeb3e
    Copied
    MetaMask
  • Optimistic-ethereum Network 0xbc7...96e66e1
    Copied
    MetaMask
  • Binance-smart-chain Network 0xb3e...f7ed507
    Copied
    MetaMask
  • Arbitrum-one Network 0x0c8...9a8c9e8
    Copied
    MetaMask
Whitepaper
Pendle Whitepaper
3 More
  • Pendle Whitepaper
  • Pendle Whitepaper
  • Pendle Whitepaper
Explorers
Etherscan Etherscan
  • Etherscan Etherscan
  • Arkham Arkham
  • Ethplorer Ethplorer
  • Etherscan Etherscan
  • Arbiscan Arbiscan
  • Bscscan Bscscan
  • Binplorer Binplorer
  • Basescan Basescan
Community
Social network Twitter
Twitter
Social network Telegram
Telegram
Social network Reddit
Reddit
Source Code
Repository GitHub GitHub
  • Repository GitHub
    pendle-core-v2-public
  • Repository GitHub
    pendle-finance

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