Pendle Price (PENDLE)

Pendle is all about tokenizing and trading DeFi yields. Basically, it lets you break yield-generating assets into two tokens: Principal Tokens (PT) and Yield Tokens (YT). This way, you can play around with different strategies, whether you're after stable returns or want to take a chance on fluctuating yields. It’s a game-changer for DeFi, offering more ways to manage your earnings and even speculate on future yields.

PENDLE is the heart of the Pendle ecosystem. It’s used to reward liquidity providers and as a governance token. When you lock up your PENDLE, you get vePENDLE, which lets you vote on where rewards go and earn fees from trading and yield activities. It’s all about getting the community involved in decision-making and keeping the ecosystem growing and strong. So, not just a token for rewards but also a way to have a say in how things run.

Pendle uses Ethereum’s Proof of Stake (PoS) consensus mechanism to keep things secure and decentralized. This means transactions are validated by stakers, not miners, making it more energy-efficient and scalable. By tapping into Ethereum’s PoS, Pendle benefits from stronger security and a lower environmental footprint, all while staying smooth and effective for yield trading and management.

Pendle was founded by TN Lee, the CEO, and Vu Nguyen, the CTO. TN Lee brings his experience as the former Head of Business Development at Kyber Network, while Vu Nguyen is a 3x Math Olympiad Gold medalist and previously worked as Lead Smart Contract Developer at Digix. Pendle was launched in October 2020.

Pendle's max supply is capped at 258,446,029 PENDLE tokens. Right now, the circulating supply is around 238,185,588 PENDLE tokens.

Pendle stands out in DeFi by tokenizing yields. It splits assets into Principal Tokens (PT) and Yield Tokens (YT), giving investors more control over their returns. The platform also uses a better AMM system to improve capital efficiency and reduce slippage. Plus, Pendle helps limit impermanent loss, making it a solid choice for managing yields. Basically, it combines unique features to give users smarter, more efficient ways to handle their DeFi investments.

You can grab Pendle (PENDLE) directly on EXMON using a debit or credit card. You can also trade it for other cryptos on EXMON. The live Pendle price gets updated in real-time there. For more details, check out the "How to Buy Pendle (PENDLE)" guide.