Pendle
About Pendle
Pendle (PENDLE) is a protocol that splits yield-bearing assets into principal and yield, allowing users to trade or manage future returns with greater flexibility.
In the last hour, Pendle's price has seen a change of +0.38%, and over the past 24 hours, its price has moved by +1.63%. Over the previous week, Pendle's price has moved by -0.04%. The current price of Pendle is $2.5800, accompanied by a trading volume of 32.75M in the last day. Pendle's price is currently 65.68% below its all-time high of $7.5171, which remains the highest price Pendle has achieved since its launch. The circulating supply of Pendle stands at 173.6M, translating to a total market capitalization of 447.9M.
Market stats
Frequently asked questions
What is Pendle?
Pendle and its trading symbol (PENDLE) is a decentralized finance (DeFi) protocol that enables users to tokenize and trade the future yields of their yield-generating assets. By separating capital from yield on these assets, Pendle enables yield management strategies, such as fixed-yield investments and yield speculation. This separation provides users with greater flexibility, allowing them to optimize their returns and hedge against market volatility. Pendle operates across multiple networks, such as Ethereum and Arbitrum, facilitating cross-chain compatibility and enhancing liquidity within the system. The PENDLE token plays a key role by providing staking rewards, governance participation, and liquidity incentives. Through its unique yield tokenization mechanism and a specialized automated market maker (AMM) for yield trading, Pendle offers advanced tools for users looking to optimize their yield-generation strategies.
How does Pendle work?
Pendle is based on separating the yield-generating asset from the yield itself, allowing them to be traded independently. The protocol converts yield-generating assets into SY (Standardized Yield) tokens, then splits them into PT (Principal Token) tokens, which represent the underlying asset upon yield maturity, and YT (Yield Token) tokens, which represent future yields up to the maturity date. The protocol uses an automated market maker (AMM) system to provide liquidity and facilitate the trading of PT and YT tokens, with mechanisms designed to improve trading efficiency and minimize price slippage. PENDLE tokens serve as the protocol’s native token, users can lock them to obtain vePENDLE, which grants them voting rights in governance and the ability to influence reward distribution, and allows them to earn protocol fees as profit.
How do you buy PENDLE on Rain?
Buying PENDLE on Rain involves a few simple steps:
- Make sure you have funds in your fiat account or your card is added in the payment methods section.
- Select the cryptocurrency you want to buy from the home or portfolio page.
- Click Trade and choose Buy.
- Enter the amount you wish to buy in your preferred fiat currency.
- Select your payment method, either by selecting your card or using the funds in your fiat account.
- Click Next to review your transaction details.
- Click Buy Now to complete the purchase.
PENDLE tokens are added to your wallet after the transaction is executed.
At Rain, we use cold storage to keep the majority of our clients’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying PENDLE, it is important to understand the associated risks:
• Price volatility risk: The cryptocurrency may be subject to sharp price fluctuations.
• Competitive risk: The cryptocurrency operates in a market with competitors, which may affect its future growth.
• Liquidity risk: Liquidity may affect the cryptocurrency’s price movements. • Legislative and regulatory risks: legislation and regulations may affect the coin’s future and growth.
• Security risks: You should protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching it.
You should not buy PENDLE based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project, and your risk tolerance before making any decision.
What are PT tokens?
PT represents the principal portion of the capital allocated for yield and functions as a zero-coupon bond. You can redeem it for the full value of the underlying asset after the maturity date.
Which networks does PENDLE support?
The protocol operates on multiple blockchain networks such as Ethereum, Arbitrum, BNB Chain, and Optimism.
What are YT tokens?
This asset represents future earnings generated by the underlying asset. The yield accrues until the maturity date, after which it becomes worthless.
How to invest in Pendle?
Rain offers you a number of ways to start investing in Pendle, including buying Pendle through bank transfers or by using your bank card. To purchase Pendle on Rain, you can select Pendle in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Pendle with card?
Once you add your bank card to your Rain account, you can use it to buy Pendle directly. You can start by adding your card to your payment options on your Rain account. To purchase Pendle using your bank card, you can select Pendle, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Pendle through bank deposit?
Rain enables you to buy Pendle using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Pendle. To do that, you can select Pendle in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Pendle?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Pendle successfully:
On your Rain account, select Pendle then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Pendle into cash?
Rain gives you the opportunity to sell Pendle and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Pendle and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Pendle?
If you would like to receive Pendle in your Rain account, simply click on Receive and select Pendle from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Pendle to avoid possible loss of funds.
How to send Pendle?
You can easily send your Pendle from your Rain account to any external wallet by clicking on Send and selecting Pendle from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Pendle with Rain?
When you buy Pendle with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Pendle on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Pendle wallet?
A Pendle wallet is where you can securely store Pendle. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Pendle address?
A Pendle address is a string of unique characters that is tied to your Pendle wallet. The address functions just like a bank account number and it is what you use in order to send Pendle from your wallet, or to receive Pendle to your wallet.
What trading pairs available for Pendle?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Pendle with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Pendle with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Pendle?
You can trade Pendle with any amount above $30 or equivalent in your account's currency. You can start trading Pendle now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Pendle?
Besides Pendle, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Pendle built on?
Pendle is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Pendle safe?
To keep your Pendle safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Pendle be in next 5 years?
Price predictions for Pendle over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Pendle taxable?
Trading Pendle may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Pendle's ATH?
Pendle’s all-time high (ATH) was $ 7.5171 on 11 Apr 2024. This represents the highest recorded market price of the asset to date.
What is the market cap of Pendle?
With a market capitalization of 447.9M, Pendle is ranked 92 among other crypto assets.
What is the all-time high of Pendle?
The highest valuation of Pendle since its launch was at $7.5171, marking its all-time high.
What is the 24-hour trading volume of Pendle?
The trading activity of Pendle over the last 24 hours was at 32.75M, highlighting its liquidity in the market.
How many Pendle are there in circulation?
There are approximately 173.6M units of Pendle currently in circulation, affecting its market dynamics.
What is the relative popularity of Pendle?
Pendle market cap is around 447.9M.
When was Pendle created?
Pendle was introduced on 28 Apr 2021.
Website
White paper
Source Code