Pendle Finance
Yield tokenization protocol for fixed-rate DeFi and yield speculation.
DeFi Protocols
Yield Farming
Free Available
🔥 Trending
Pricing
Free Available
Platforms
Web
API Access
Yes
Founded
2021
Overview
Pendle Finance (~$2.5B TVL) is the only protocol enabling fixed-rate DeFi through yield tokenization, splitting assets into PT (principal) + YT (yield). Features specialized AMM, vePENDLE earning 80% of revenue, and Pendle Boros for institutional fixed-yield.
Key Features
- Yield tokenization: PT (principal) + YT (yield)
- Fixed-rate earning by buying discounted PT
- YT speculation for amplified yield exposure
- Specialized AMM for yield-time dynamics
- vePENDLE: 80% of revenue to lockers
- Created entire 'Yield Trading' sector
Pricing Plans
Swap/Yield
0.1% swap fee
- Fixed-rate earning
- Yield speculation
- vePENDLE rewards
