What is Pendle?
Comprehensive information about Pendle and its ecosystem
About the Project
Pendle separates ownership of underlying assets and future yield using the Standardized Yield token standard, creating Principal Tokens (representing the underlying asset) and Yield Tokens (representing future yield). The protocol introduces a novel AMM that accounts for time-decay, helping to prevent potential losses from mispriced financial assets. This innovative approach allows yield stripping across various DeFi assets like stablecoin deposits, LP tokens, and vault strategies, enabling users to trade yield strips across different protocols.
Category & Classification
Category:
DeFi
Tags:
Yield Trading
Yield Tokenization
Interest Rate Derivatives
AMM