Pendle Logo

Pendle PENDLE

Pendle header image

1. Summary

Ranks

Liquidity
100
Developer
45
Social
90
Momentum (beta)
95
Stack Rank™
85
Price
52W High price $6.96
52W High date 11th Apr 2024 (2 months ago)
All Time High (ATH) Date 11th Apr 2024 (2 months ago)
ATH Price $7.50
% From ATH -13.36%
All Time Low (ATL) Date 14th Nov 2022 (1 year ago)
ATL Price $0.03
% From ATL 19147.48%
Supply & Trading Volume
Trading Volume (24h) $120.08M
Total Supply 258.45M
Max Supply 258.45M
Circulating Supply 153.95M
Description

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.

2. Price

PENDLE

2.1. Market Performance

How does Pendle's (PENDLE) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

0.7%

PENDLE

-16.1%

Similar Market Cap

60 Day Return

80.0%

PENDLE

8.1%

Similar Market Cap

1 Year Return

1,350.7%

PENDLE

337.7%

Similar Market Cap

3. Developer Activity

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 8
  • Past year: 104 commits vs. an average of 138

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 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.

4. Social Activity

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 24,229
Active Discord Users 2,542
Telegram Users 6,745
Twitter followers 120,828
5. News
7. More Information

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...
Twitter @pendle_fi

What is the correct contract address for Pendle?

Ethereum 0x808507121b80c02388fad14726482e061b8da827
Avalanche 0xfb98b335551a418cd0737375a2ea0ded62ea213b
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

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.