Pendle

What is PENDLE and how Does It Work?

Pendle is a protocol developed for the tokenization and trading of future yield. This offers flexibility in terms of yield expectations. In this protocol, a distinct Automated Market Maker (AMM) is used that allows for assets with time decay. This AMM includes a bonding curve, used for trading purposes. Tokens, which represent future yield derived from specific yield markets, can be created, traded and accurately priced on this AMM, factoring in the temporal decline of the underlying assets. Pendle also provides a way to protect fixed yield early on to manage yield price changes. Running on the Ethereum blockchain, Pendle interacts with other DeFi platforms and yield marketplaces. Liquidity provision is possible on the AMM, where yield tokens can be deposited to generate trading fees. The governance of the protocol involves the Pendle token (PENDLE), allowing token holders to be a part of decisions and protocol updates. The Pendle community can access open-source code, along with other development resources concerning Pendle in the GitHub repository of the project. The project's formal online portal provides other detailed information about the protocol and its features.

How to Buy and Store PENDLE?

To purchase Pendle, Flooz.xyz offers a streamlined process. Traders can purchase Pendle via Flooz.xyz, which serves as a one-stop solution for buying this token. With a smooth checkout process and support for all payment methods, Flooz.xyz ensures a hassle-free experience. But that's not all. Using Flooz self-custodial web wallet, you can seamlessly store, send, and receive Pendle tokens. Creating a wallet is simple and quick, requiring just your email, Google, or Apple ID. This not only provides convenience but also ensures that you have complete control over your funds, thanks to the power of cryptography. Additionally, Flooz.xyz aggregates over 50+ providers to offer you the fastest and cheapest payment routes for your trades. With over 85,000 active traders already captivated by the seamless and optimized trading experience Flooz.xyz provides, you can trust in their expertise for your Pendle purchases.

PENDLE Metrics:

• Current price: $5.3191

• Market cap: $871.51 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $348.9 k