Pendle
Description
We first wrap yield-bearing tokens into SY(standardized yield tokens). Then, SY is split into their principal and yield components, PT (principal token) and YT (yield token) respectively, which allows them to be traded via the custom V2 AMM. This brings the TradFi interest derivative market (worth over $400T in notional value) into DeFi, making it accessible to all. PT is the equivalent of zero-coupon bonds while YT is the equivalent of coupon payments. By creating a yield market in DeFi, Pendle unlocks the full potential of yield. Pendle enables users to execute advanced yield strategies, such as: Long assets at a discount Fixed yield for low-risk, stable growth Long yield A mix of any of the above strategies
Discord
https://pendle.finance/discord
GitHub
https://github.com/pendle-finance/pendle-core-v2-public
Medium
https://medium.com/pendle
Telegram
https://t.me/pendlefinance
Total balance (24h)
1,688,924,718
Total balance (30d)
1,688,924,718
Total balance (7d)
1,688,924,718
Total volume (24h)
202,190,248.7
Total volume (30d)
4,986,716,315
Total volume (7d)
1,425,875,617
Transaction count (24h)
49,776
Transaction count (30d)
244,113
Transaction count (7d)
272,377
Unique active wallets (24h)
8,452
Unique active wallets (30d)
53,947
Unique active wallets (7d)
55,134
X
https://twitter.com/pendle_fi