Pendle is a protocol that allows you to trade tokenized future yields on an AMM system. They aim to empower owners of yield-generating assets by giving them the ability to earn additional yield and secure future yields in advance. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (PENDLE/USDT – Trade it here) on the Innovation Zone! Check it out now!
What Exactly is Pendle DeFi?
Pendle provides a one-of-a-kind option to increase your return. It helps to increase user yield exposure during bull markets and protects against yield decreases during negative regimes. At its core, it is a permissionless protocol that allows users to take control of their yield by implementing various yield-management mechanisms. Furthermore, they are eliminating the need for underlying collateral. This could make it easier for traders to obtain direct exposure to future dividend streams.
Components of Pendle DeFi
To completely embrace Pendle, you must first understand its three main components:
Yield Tokenization
Pendle converts yield-bearing tokens into SY (Standardized Yield tokens). SY is a wrapper for the underlying yield-bearing cryptocurrency that is compatible with the AMM. Then, SY is divided into its main component (PT) and yield component (YT) using a technique known as yield tokenization. This allows yield to be tokenized into a separate entity.
Pendle AMM
Pendle’s AMM may be used to trade both PT and YT. While the AMM is Pendle’s main engine, you don’t need to understand its inner workings to trade PT and YT.
vePENDLE
Pendle, as a yield derivative protocol, bridges the gap between the traditional financial interest derivative market and the world of DeFi. Now, it is available to all users. You will need to lock Pendle to receive vePENDLE. The longer the lock, the higher your vePENDLE value. However, the vePENDLE value degrades over time. Therefore, you need to increase your lock duration to stop the value drop.
Where to buy PENDLE Token
You can find PENDLE Tokens here at MEXC! We are listing PENDLE/USDT in our Innovation Zone!
What is the Price of PENDLE Tokens?
The PENDLE token is currently trading MEXC for $0.9038! It has a fully diluted market cap of $225,884,330. It also has a 24-hour trading volume of $41,045,751. You can check the live price of their token right here!
How to buy PENDLE Tokens on MEXC
You can buy PENDLE Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “PENDLE” using the search bar to see the available trading pairs. Take PENDLE/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of PENDLE you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy PENDLE] to confirm your order. You will find the purchased PENDLE in your Spot Wallet.
You can find a detailed guide on how to buy PENDLE Tokens here.
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Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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