Pendle Price

Pendle is a decentralized finance (DeFi) protocol that enables tokenized future yield trading on an automated market maker (AMM) system. The native token PENDLE serves multiple purposes within the ecosystem: 1. Liquidity incentives: PENDLE rewards are used to bootstrap protocol liquidity 2. Governance: Users can lock PENDLE as vePENDLE for up to 2 years to vote on reward emissions 3. Fee accrual: vePENDLE holders earn fees from swaps on Pendle AMM and yield token (YT) fees Key components of the protocol include: - Yield tokenization: Wrapping yield-bearing tokens into standardized yield tokens (SY) - Pendle v2 AMM: Capital-efficient model for swapping principal tokens (PT) and yield tokens (YT) PENDLE launched in April 2021 after raising $3.7 million in seed funding. As of 2026-01-20, PENDLE is ranked #176 with a price of $1.91 and 24-hour trading volume of $897.39K. The current circulating supply is 169.76M PENDLE PENDLE out of a total supply of 281.52M PENDLE PENDLE.

Pendle was created on April 28, 2021. The cryptocurrency was launched on the Ethereum platform and began trading publicly on April 29, 2021. Since its inception, Pendle has become an important player in the DeFi and yield trading space, offering innovative solutions for tokenized future yield transactions on AMM systems.

The founders of Pendle are TN Lee and Camus Zhou. They established the project in 2021 with the goal of creating a decentralized protocol for tokenized yield trading. TN Lee serves as the CEO while Camus Zhou is the CTO. Both founders have backgrounds in finance and blockchain technology, which they leveraged to develop Pendle's innovative yield trading and liquidity provision mechanisms. The founding team's expertise has been instrumental in Pendle's growth and adoption within the DeFi ecosystem since its launch.

Pendle works as a decentralized yield trading protocol on the Ethereum blockchain. Here's how it functions: 1. Tokenization: The protocol tokenizes yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT). 2. AMM System: It utilizes an efficient AMM model that enables swapping between PT and YT using a single liquidity pool. 3. Yield Management: Users can execute various yield management strategies, choosing between fixed or flexible yields on the Pendle v2 AMM. 4. Incentives: PENDLE tokens are used to incentivize liquidity provision and can be locked as vePENDLE for up to 2 years to vote on reward emissions. 5. Fee Accumulation: vePENDLE holders earn fees from swaps on the Pendle AMM and a 3% fee on all yields generated through YTs. 6. Governance: Token holders can participate in governance decisions affecting the protocol's development and parameters. The PENDLE token, currently priced at $1.91, plays a crucial role in the ecosystem's functionality and governance. With a circulating supply of 169.76M PENDLE and a market cap of $325.61M, Pendle has gained traction in the DeFi space since its launch in April 2021.

Pendle utilizes a multi-layered technical architecture designed for efficient yield trading: 1. Yield Tokenization Layer: Wraps base yield-bearing tokens into Standardized Yield (SY) tokens, then splits them into Principal Tokens (PT) and Yield Tokens (YT). 2. Pendle v2 AMM: A capital-efficient model enabling PT and YT swaps through a single liquidity pool using flash swaps. 3. Smart Contract Layer: Manages core protocol functions like token minting, burning, and swaps. 4. Governance Layer: Allows PENDLE stakers to participate in protocol governance and earn fees. 5. Incentive Distribution Layer: Handles PENDLE token emissions and rewards distribution to liquidity providers and stakers. 6. Cross-Chain Bridges: Facilitates Pendle functionality across multiple blockchain networks. This architecture enables Pendle to offer innovative yield trading and management capabilities in a secure, scalable, and decentralized manner.

Pendle has a promising future and roadmap ahead. The project aims to continue expanding its yield trading protocol and improving capital efficiency. Key focus areas include: 1. Enhancing the Pendle v2 AMM to support more assets and improve liquidity. 2. Expanding to additional blockchain networks beyond Ethereum and Arbitrum. 3. Developing new yield tokenization strategies and products. 4. Growing the ecosystem of partners and integrations. 5. Increasing adoption and total value locked (TVL) in the protocol. The PENDLE token plays a crucial role in governance and incentivizing liquidity. Its tokenomics include a gradual reduction in weekly emissions until 2027, when it will reach a 2% annual inflation rate. With its innovative approach to yield trading and strong fundamentals, Pendle is well-positioned for long-term growth in the DeFi sector. The current price of $1.91 could potentially reach $2.26 by 2027 and $3.46 by 2031 if development and adoption continue as planned.