Overview

Pendle Finance (PENDLE) is a decentralized finance (DeFi) platform that offers innovative solutions for tokenizing and trading future yield from DeFi assets. Through the issuance of Principal Tokens (PT) and Yield Tokens (YT), Pendle enables users to separate the principal and yield components of assets, allowing for more efficient trading and risk management strategies. The platform also introduces vePENDLE, a governance and utility mechanism that empowers PENDLE token holders to participate in protocol governance, stake their tokens for rewards, and access exclusive features such as voting on incentive allocation and boosting liquidity provider rewards. With a focus on decentralization, stability, and user empowerment, Pendle Finance provides a unique ecosystem for DeFi participants to engage in yield optimization and asset management activities.

Whitepaper & Documents