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Pendle Finance
Pendle is a decentralized finance protocol that enables the tokenization and trading of future yield. It allows users to manage their yield by splitting yield-bearing assets into their principal and yield components, which can then be traded on Pendle's automated market maker (AMM). This provides opportunities for users to lock in fixed yields, speculate on yield fluctuations, or provide liquidity for returns.
Distributed
Description
Pendle Finance is a decentralized finance (DeFi) protocol that enables the tokenization and trading of future yield. It allows users to speculate on or hedge against changes in the underlying yield of assets by splitting a yield-bearing asset into its principal and yield components, which can be traded separately. This provides users with more control and options for managing their yield exposure. Pendle operates on a cross-chain basis, compatible with Ethereum, Arbitrum, BNB Chain, and Optimism. The platform emphasizes data protection, stating that no personal data is collected except for wallet addresses, and IP addresses are not tracked. The protocol's security is backed by audits from numerous firms including ChainSecurity, Spearbit, WatchPug, and Dedaub.Grant Funding
VC Funding
None
2021
$0
$3.7M