Pendle PENDLE
1. Summary
- Price
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$5.24 +17.5%
- Market Cap
- $861.48M (#113)
- Supply
- 160.85M / 258.45M
- Description
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Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel Automated Market Maker (AMM) that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization. The protocol consists of the following major components work...
Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel Automated Market Maker (AMM) that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization. The protocol consists of the following major components working in conjunction: Yield Tokenization, Pendle v2 AMM, and vePENDLE.
Yield Tokenization
Yield-bearing assets are split into the principal token (PT) and the yield token (YT), allowing users the option to earn. PT entitles the user to the principal of the underlying yield-bearing token and is redeemable after maturity. YT represents the yield component and can be traded separately.
Pendle v2 AMM
This AMM design allows both PT and YT swaps through a single pool of liquidity by implementing a pseudo-AMM with flash swaps. Users can enjoy lower slippage fees with deeper liquidity while liquidity providers earn fees from both PT and YT swaps. The AMM ensures minimal impermanent loss (IL) as it accounts for PT's natural price appreciation.
vePENDLE
vePENDLE is the locked version of PENDLE that provides a stake in the protocol. Locked vePENDLE holders accrue fees from two revenue sources: swap fees generated by all swaps on Pendle’s AMM and YT fees.
Pendle has been deployed on multiple chains, including Ethereum, Arbitrum, and BNB Chain, and has surpassed $100m in Total Value Locked (TVL) and cumulative traded volume.
| Price | |
| 52W High price | $6.96 |
| 52W High date | 11th Apr 2024 (8 months ago) |
| All Time High (ATH) Date | 11th Apr 2024 (8 months ago) |
| ATH Price | $7.50 |
| % From ATH | -42.57% |
| All Time Low (ATL) Date | 14th Nov 2022 (2 years ago) |
| ATL Price | $0.03 |
| % From ATL | 12658.32% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $158.10M |
| Total Supply | 258.45M |
| Max Supply | 258.45M |
| Circulating Supply | 160.85M |
PENDLE
How does Pendle's (PENDLE) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
29.3%
PENDLE
11.3%
Similar Market Cap
60 Day Return
61.0%
PENDLE
22.5%
Similar Market Cap
1 Year Return
591.8%
PENDLE
114.1%
Similar Market Cap
We're monitoring 29 Pendle GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Pendle Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 7
- Past year: 104 commits vs. an average of 104
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 84 |
| Past year | 844 |
| Past week | 10 |
|---|---|
| Past 12 weeks | 42 |
| Past year | 80 |
| Past week | 33 |
|---|---|
| Past 12 weeks | 40 |
| Past year | 40 |
| Past week | 2 |
|---|---|
| Past 12 weeks | 12 |
| Past year | 30 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 16 |
| Past year | 16 |
| Past week | 6 |
|---|---|
| Past 12 weeks | 6 |
| Past year | 6 |
Top Developers 2024
In total, 123 developers have contributed to Pendle over the past year. Who are the most active Pendle developers, by commits, over the past year?
Related Projects
Developers working on Pendle also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 27,464 |
| Active Discord Users | 3,030 |
| Telegram Users | 7,357 |
| Twitter followers | 135,317 |
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ambcrypto.com/pendle-soars-355-ytd-ath-in-sight-if-this-happens/
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ambcrypto.com/pendle-soars-355-ytd-ath-in-sight-if-this-happens/
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ambcrypto.com/pendle-soars-355-ytd-ath-in-sight-if-this-happens/
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ambcrypto.com/pendle-soars-355-ytd-ath-in-sight-if-this-happens/
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ambcrypto.com/pendle-soars-355-ytd-ath-in-sight-if-this-happens/
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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pendle.finance/?vote= Official
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ambcrypto.com/pendle-crypto-is-up-43-in-30-days-analyzing-key-entry-points/
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ambcrypto.com/pendle-crypto-is-up-43-in-30-days-analyzing-key-entry-points/
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ambcrypto.com/pendle-crypto-is-up-43-in-30-days-analyzing-key-entry-points/
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ambcrypto.com/pendle-crypto-is-up-43-in-30-days-analyzing-key-entry-points/
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ambcrypto.com/pendle-crypto-is-up-43-in-30-days-analyzing-key-entry-points/
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newsbtc.com/news/pendle-foundation-bitmex-co-founder-moving-pendle-to-binance/
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newsbtc.com/news/pendle-foundation-bitmex-co-founder-moving-pendle-to-binance/
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://pendle.finance/ |
|---|---|
| Explorer | https://etherscan.io/token/0x808507121b80c02388fad... |
| @pendle_fi |
What is the correct contract address for Pendle?
| Ethereum | 0x808507121b80c02388fad14726482e061b8da827 |
|---|---|
| Arbitrum-one | 0x0c880f6761f1af8d9aa9c466984b80dab9a8c9e8 |
| Binance-smart-chain | 0xb3ed0a426155b79b898849803e3b36552f7ed507 |
| Optimistic-ethereum | 0xbc7b1ff1c6989f006a1185318ed4e7b5796e66e1 |
Has Pendle been audited for security?
No security audits found for this project.
Are you the owner of Pendle? Edit it here
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