Pendle
PENDLE
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Pendle price
in USD$4.949
+$0.08 (+1.64%)
USD
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Market cap
$839.85M #69
Circulating supply
169.36M / 281.53M
All-time high
$7.142
24h volume
$92.58M
3.7 / 5
About Pendle
Pendle (PENDLE) is a decentralized finance (DeFi) protocol that specializes in yield tokenization, allowing users to trade and optimize future yield opportunities. It works by splitting yield-bearing assets into two components: Principal Tokens (PT), which represent the underlying asset's value at maturity, and Yield Tokens (YT), which give holders the right to future yield. This innovative approach enables users to lock in fixed yields, speculate on future interest rates, or leverage their positions for higher returns. Pendle has become a cornerstone of DeFi, supporting a wide range of assets like stablecoins, liquid staking tokens, and real-world assets (RWAs), making it a versatile tool for both passive income seekers and active yield traders.
AI-generated
Pendle’s price performance
Past year
--
--
3 months
+12.93%
$4.38
30 days
-10.41%
$5.52
7 days
+9.51%
$4.52
Pendle on socials
At that time, introducing @USDai_Official, this project was basically ignored. A month later, the hype has increased significantly, and the last open quota was filled rapidly within an hour. The current TVL is 160M.
They will increase the quota to 210M again on September 11th, and there are two ways to play:
The first way is the simplest: stake in and earn points, which can be used for ICO / Airdrop; I will share more details about this later.
I mainly want to share the second way, which you can participate in even if you are not optimistic about the points. It involves grabbing the quota and then waiting for $USDai to appreciate.
Since the last quota was filled, USDai has maintained a premium, with the current price at 1.01. This means that if we can exchange USDai at a 1:1 rate when the quota opens, we can sell it later and immediately earn 1%.
Of course, this premise is that there must be a large demand for USDai, but based on the current discussion and hype around the project, I've seen many big players preparing to jump in. Basically, on the 11th, whoever grabs it will make money.
Degen Talk
Recently noticed a new stablecoin protocol @USDai_Official, the background looks pretty good, with backups from @hiFramework, @dragonfly_xyz, @DCGco, etc.
I looked at the documentation, and they plan to use computing power hardware as collateral in the future. I'm not quite sure how this model will work in practice.
They said they would wait until the TVL reaches 200M before converting some of the collateral into computing power hardware. So right now, the first phase is 100% backed by t-bills + bonds lent to Nvidia, so there's no need to worry too much. The yield is currently around 7.5%～
This project just went live on Monday, and now you can deposit to mine points for airdrops. Later, @pendle_fi should also be involved, so we can see if there are any opportunities on YT～
Currently, I have deposited a bit of LP, with 10x points. Additionally, they have $ARB rewards, with an APY of around 60%, which is pretty good. The rewards last for 30 days. But be aware that the withdrawal period is 7 days～
I'll mine a bit and then observe how this project develops.
Guides
Find out how to buy Pendle
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Pendle’s prices
How much will Pendle be worth over the next few years? Check out the community's thoughts and make your predictions.
View Pendle’s price history
Track your Pendle’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Pendle on OKX Learn
How Pendle's Expansion into TradFi and DeFi Proposals is Reshaping Financial Markets
Introduction: Bridging DeFi and TradFi The financial industry is undergoing a transformative evolution as decentralized finance (DeFi) protocols like Pendle bridge the gap between traditional finance
PEPE, AAVE, and PENDLE: Top Insights on Meme Coins, Whale Activity, and DeFi Innovations
Introduction to PEPE, AAVE, and PENDLE The cryptocurrency market continues to evolve, with tokens like PEPE , AAVE , and PENDLE capturing significant attention due to their unique characteristics and
Pendle TVL Market: Key Milestones, Innovations, and Growth Projections You Need to Know
Introduction to the Pendle TVL Market The decentralized finance (DeFi) ecosystem has experienced explosive growth, and Pendle Finance is emerging as a transformative force in the fixed-income sector.
USDe, Pendle, and Aave: Unlocking DeFi Yield Strategies You Need to Know
Introduction to USDe, Pendle, and Aave in DeFi The decentralized finance (DeFi) ecosystem is undergoing rapid transformation, with protocols like Pendle, Aave, and yield-generating stablecoins such as
Diversify your portfolio with USDC/SGD and USDT/SGD trading pairs
Pendle FAQ
Currently, one Pendle is worth $4.949. For answers and insight into Pendle's price action, you're in the right place. Explore the latest Pendle charts and trade responsibly with OKX.
Cryptocurrencies, such as Pendle, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Pendle have been created as well.
Check out our Pendle price prediction page to forecast future prices and determine your price targets.
Dive deeper into Pendle
Pendle is a yield-trading protocol that allows users to earn fixed or flexible yields.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$839.85M #69
Circulating supply
169.36M / 281.53M
All-time high
$7.142
24h volume
$92.58M
3.7 / 5