Pendle Overview
- What is Pendle?
Pendle is a DeFi protocol that focuses on enabling the trading of tokenized future yield on various assets. It allows users to lock in fixed yield in advance or hedge against future yield fluctuations. Specifically designed for yield trading, this AMM features concentrated liquidity, a dual fee structure, and mechanisms to minimize impermanent loss, making it efficient for trading tokenized yields.
- Main Features
- No lock-up periodLong yield tradingSupports multiple blockchainsConcentrated liquidity, a dual fee structure, and mechanisms to minimize impermanent lossGoverned by PENDLE token holders
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