Pendle

About Pendle

Pendle is a protocol that enables the tokenization and trading of future yield. It introduces a novel automated market maker (AMM) designed to support assets with time decay, giving users more control over future yield by providing optionality and opportunities for its utilization.

• Pendle's AMM is specifically designed to handle assets with time decay, which is a unique feature among decentralized exchanges.
• The protocol is associated with multiple blockchain ecosystems, including Ethereum, Arbitrum, Optimism, BNB Chain, Base, and others.
• Pendle is categorized under LSDFi and LRTfi, indicating its integration with liquid staking and liquid restaking derivatives.
• It is part of the GMCI DeFi Index and GMCI Index, reflecting its inclusion in broader crypto market indices.