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What is PENDLE coin and how does it work?

by Financial Economy

Pendle is the first protocol to enable tokenized future returns trading in an AMM system. It gives yield-bearing asset holders the opportunity to earn additional returns and pre-lock future returns. Information about some topics that what is PENDLE coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Nash (NEX) coin.

What is PENDLE coin and how does it work?

Pendle is a protocol that frees up future yield. It enables the tokenization and trading of future returns in a new AMM designed to support dwindling assets over time. It aims to provide traders with direct exposure to future returns streams without the need for an underlying collateral, while giving yield-bearing asset holders the opportunity to earn additional returns and fix future returns in advance.

Pendle’s components!

Pendle resides on top of first order protocols. It currently supports Aave and Compound with more platforms to be integrated in the future. There are three components that make up Pendle’s system:

  • Yield tokenization
  • Pendle’s Automated Market Maker (AMM)
  • Administration (Soon)

Pendle coin features!

PENDLE token features are as follows:

  • Availability: Pendle aims to support multiple protocols and entities, allowing holistic and effortless throughput management on a single platform.
  • Flexibility: Deposits and withdrawals can be made on the Pendle platform without waiting for the contract to mature.
  • Fully on-chain: All transactions are executed and verifiable via smart contracts. This means transparency and honesty.

Which exchange is PENDLE coin on?

PENDLE coin is listed on some cryptocurrency exchanges such as MEXC, DigiFinex, Gate.io, BKEX, Crypto.com Exchange, etc.

How to buy PENDLE coins?

PENDLE coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

PENDLE coin supply!

Total supply of PENDLE coin is 188.700.000 PENDLE.

PENDLE coin price!

As of June 14, 2022, at the time of the writing, 1 PENDLE coin price is around $0,0379 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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