Pendle (PENDLE)

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Revision as of 05:09, 12 December 2022 by Grand Master Pepe (talk | contribs)

Pendle is a protocol that enables the trading of tokenized future yield on an AMM system.

Basics

"Pendle is an on-chain yield asset aggregator that enables the separation and trading of future yield."

History

Audits & Exploits

"We take security seriously and have undergone multiple audits."

Bugs/Hacks

Governance

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

  • From this blog (12-7-2021):

"DeFi users who hold yield-bearing tokens from Aave and Compound can deposit them into Pendle, which in return mints ownership tokens (OT) and yield tokens (YT). Yield tokens can be immediately sold for USDC in Pendle’s AMM pools, or they can be added to the AMM pools so that token holders can earn trading fees and other incentives (stake LP token, earn $PENDLE). The value of a yield token decays as it gets closer to the expiry because claimable yield drops with time. There is an expiry because YT buyers are buying the right to access yield without owning the underlying asset. If there is no expiry, that means YT buyers have access to the yield perpetually by only paying a fixed price. There isn’t a way on the blockchain to enforce the buyers to make regular payments to the yield-bearing asset holders and hence an expiry is necessary."

Fees

Upgrades

Staking

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

  • Full team can be found [here].

Funding

Partners

(:

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