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PENDLE

Pendle  

#PENDLE

PENDLE Price:
$2.80
Volume:
$19.4 M
All Time High:
$3.38
Market Cap:
$0.7 B


Circulating Supply:
238,185,588
Exchanges:
16
Total Supply:
258,446,028
Markets:
20
Max Supply:
Pairs:
25



  PENDLE PRICE


The price of #PENDLE today is $2.80 USD.

The lowest PENDLE price for this period was $0, the highest was $2.80, and the current live price for one PENDLE coin is $2.80090.

The all-time high PENDLE coin price was $3.38.

Use our custom price calculator to see the hypothetical price of PENDLE with market cap of ETH or other crypto coins.


  PENDLE OVERVIEW


The code for Pendle is also #PENDLE.

Pendle is 2.8 years old.


  PENDLE MARKET CAP


The current market capitalization for Pendle is $667,134,958.

Pendle is ranking upwards to #103 out of all coins, by market cap (and other factors).


  PENDLE VOLUME


There is a large volume of trading today on #PENDLE.

Today's 24-hour trading volume across all exchanges for Pendle is $19,411,732.


  PENDLE SUPPLY


The circulating supply of PENDLE is 238,185,588 coins, which is 92% of the total coin supply.


  PENDLE BLOCKCHAIN


PENDLE is a token on the Ethereum blockchain, and has digital contracts with 4 other blockchains.

See list of the PENDLE Blockchain contracts with 5 different blockchains.


  PENDLE EXCHANGES


PENDLE is integrated with many pairings with other cryptocurrencies and is listed on at least 16 crypto exchanges.

View #PENDLE trading pairs and crypto exchanges that currently support #PENDLE purchase.


  PENDLE RESOURCES


Websitependle.finance
Whitepaperdocs.pendle.finance
Twitterpendle_fi
Telegrampendlefinance
Discorddiscord.gg/EAujvncY2R
Mediumpendle


  PENDLE DEVELOPER NEWS



Gm: Arb/usdc

The new GM: ARB/USDC pool is now live on Pendle! With this, new avenues for our users to speculate, trade and earn the yield from GMX opens up. Let’s take a look at some of the essential know-hows when it comes to yield trading for GM: ARB/USDC. — YT-GM ARB USDC - The GM:ARB/USDC was conceived as a special pool for #ArbitrumSzn 🎉 As a YT-GM-ARB-USDC holder, you will be granted long yield exposure to ONLY ARB rewards from the pool, and NOT any of the fees from swaps or trading. In short, YT-GM-ARB-USDC provides an avenue for users to speculate on the ARB distribution by GMX, in particular this pool’s share of the ARB rewards. Things to note: YT yield will consist of only ARB rewards, and not any of the fees from swaps or trading, ARB rewards are accumulated in the SY-GM-ARB-USDC contract, and will be streamed linearly to YT holders throughout the following week, based on their share of SY at the point of distribution, As such, the Underlying APY for this pool will remain at 0% until 22 November, 00:00 UTC (Week 0), Yield will only be streamed to YT holders on recurring basis, starting from 22 November, 00:00 UTC (Week 1 onwards), Let’s take a look at our aspiring yield trader, Peepo as an example! — Week 0 - Peepo buys 100 YT-GM-ARB-USDC on 16 November. Since yield will only be streamed to YT holders from Week 1 onwards, Peepo will not be receiving any yield until the start of Week 1 on 22 Novemb...




Pendle Arbitrum Season

Season’s greetings from Pendle! For those of you who missed the memo, Pendle is a proud recipient of the Arbitrum Short-Term Incentives Program (STIP). And what better way to celebrate the joy of Arbitrum season than with our most loyal supporters — you! Starting from 9 November 2023 00:00 UTC, Pendle users will have the chance to earn additional ARB rewards and rebates, simply by using Pendle. Read on to find out more! — ARB for LP, LP for ARB 🎁 - During the course of Arbitrum Season, Pendle LPs will be able to earn extra ARB rewards. All you have to do is remain or become an active Pendle LP of Arbitrum pool(s) and…voila! Note: Only Arbitrum pools will be eligible for ARB rewards, Similar to PENDLE incentives, ARB allocation to pools will be determined weekly by vePENDLE votes, ARB rewards will be boostable by vePENDLE, ARB rewards will be reflected in the APY numbers and breakdown on the pool UI, Distribution of rewards will be based on your pool balance and vePENDLE boost during the campaign, which means that only Pendle LPs during Arbitrum Season will be eligible, — Swap Fee Rebate 🏷️ - What’s a holiday season without discounts and rebates? Get ready for a season of shopping joy with Pendle, where you can qualify for ARB Fee Rebates! But hurry up — stock is limited and will be distributed on a first-come-first-serve basis every week. Note: Weekly cap of 26,500 ARB (sub...




Evaluating Performance of Pendle Liquidity Pools (Part 2)

Summary - We have performed a study on the performance of the following Pendle pools against the underlying pool: PT-stETH-26DEC24/SY-stETH (Ethereum), PT-GLP-28MAR24/SY-GLP (Arbitrum), and PT-gDAI-28MAR24/SY-gDAI (Arbitrum), We found that providing liquidity on Pendle is superior to depositing the asset in the underlying pool in most cases even when excluding PENDLE incentives, In the worst case, the IL of a Pendle LP compared to the underlying pool was 0.85%, The performance of an LP using zero price impact mode or otherwise depends on the underlying and implied APY of the pool, — Introduction - In the previous study, we evaluated the performance of liquidity providers on Pendle and concluded that Pendle LPs indeed outperform holding the underlying asset without earning yield. However, we have not compared the performance of Pendle LPs against users who earn yield via depositing into the underlying pool. Are Pendle liquidity providers really subject to minimal impermanent loss (IL) as is often claimed? The IL on Pendle pools will be the focus of this study. — Evaluating IL - Traditionally, IL refers to the case when the value of a liquidity provider’s deposited assets in a liquidity pool is lower than the value of those assets if they did not provide liquidity. Due to the nature of Pendle’s PT/SY pool exposure, this definition is not useful because not many will hold SY and PT separately (we will still h...




Pendle Integrates Chainlink Price Feeds to Help Secure Liquidity Pool Conversions for Liquid…

Pendle Integrates Chainlink Price Feeds to Help Secure Liquidity Pool Conversions for Liquid Staking Assets - We’re excited to announce that Pendle — a permissionless yield trading protocol that empowers users to execute sophisticated yield management strategies — has integrated Chainlink Price Feeds on Arbitrum and Optimism mainnets. By integrating the industry-leading Web3 services platform, Pendle now has access to industry-standard pricing data that help secure accurate conversions of ETH liquid staking assets such as rETH and stETH in Pendle Finance’s liquidity pools. Our initial integration involves the use of the following Chainlink Price Feeds: wstETH/stETH and rETH/ETH. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. Pendle Finance is a cutting-edge DeFi yield management protocol that offers users the ability to separate yield-generating assets into their initial principal and yield. For example, a user can deposit ETH to mint two separate tokens: PT stETH (the ETH principal) and YT stETH (the staking yield for stETH), effectively ...




Evaluating Performance of Pendle Liquidity Pools (Part 1)

Summary - We have performed a study on the performance of the following Pendle pools against the underlying asset: PT-stETH-26DEC24/SY-stETH (Ethereum), PT-GLP-28MAR24/SY-GLP (Arbitrum), and PT-gDAI-28MAR24/SY-gDAI (Arbitrum), We found that providing liquidity on Pendle pools outperforms holding the underlying asset in all cases studied here even when excluding PENDLE incentives, We have observed no impermanent loss (IL) incurred in all cases studied here¹, The longer one provides liquidity on Pendle, the greater the outperformance of the Pendle LP, — Introduction - It has often been said that the single-asset composition of Pendle PT/SY liquidity pools allows Pendle LPs to be the best form of providing liquidity. However, there have been no studies being performed on this subject to this date. In this report, we evaluate the performance of Pendle LPs. — Evaluating LP Performance - To begin with, we have two approaches to evaluate the performance of Pendle liquidity providers:Approach 1: Providing liquidity on Pendle vs holding underlying assetApproach 2: Providing liquidity on Pendle vs depositing in the underlying pool To give an example of these two approaches, approach 1 would compare the performance of a Pendle stETH liquidity provider against ETH, whereas approach 2 would compare the performance of a Pendle stETH liquidity provider against stETH. In this study, we focus on approach 1, leaving approach 2...




Pool 三 Stacked Liquidity

Make your liquidity work harder We’ve been showing how Pendle adds value to the value chain of LSDs and we’re taking it to another level with the inaugural Pool 三, supporting the PENDLE/ETH pair on Camelot. Pool 三 utilizes your typical Pool 2 LP and brings out another level of depth, allowing you to get additional yield and rewards on the assets. As we’ve seen with the ETH Power pools, we expect a few benefits to surface: 1. Stickier liquidity 2. Stacked usage of liquidity = stacked yield + rewards (On both the Pendle and Camelot layers) 3. A win-win situation for both the PENDLE LPs as well as Camelota. Liquidity is channelled to Camelotb. PENDLE gets more usage + LPs get more fees/rewards for taking similar token exposurec. Deeper liquidity all around — Utility. — On usage, these higher APY assets offer opportunities for both speculators and hedgoors The PENDLE/ETH pair on Camelot has consistently offered 50–100% APR in yield Speculators wanting to accumulate both PENDLE and ETH can buy a PT PENDLE/ETH for guaranteed yield or a YT PENDLE/ETH if the opportunity arises. Hedgoors who want their yield upfront can sell their YTs for stables to redeploy. — How to 三:. — 三 LPs earn the maximum yield from the Camelot PENDLE/ETH pair, including all the fees and incentives from their Nitro Pool. The easiest way to 三 is through our one-click, zap function. — Easy Zap In. &mdas...




Discord Quiz Night — Christmas Special

Discord Quiz Night — Christmas Special - 📌Location — Pendle Discord⌛Date & Time — 23 December 2022, 1am UTC🎁Prizes — $100 in $PENDLE for every winner in the Top 7 As the winter holidays approach, we would like to celebrate this season of giving and sharing with you ☃️ Join us in our Discord group, pit your knowledge of Pendle against the others, and stand a chance to win $700 in prizes! The multiple-choice quiz will consist of questions from Pendle Learn, a quick and succinct 4-step journey that will help guide you to becoming a profitable yield master. The learnings are filled with colourful illustrations (featuring the ever-helpful Peepo!) and easy-to-understand examples, suitable for users of all levels. You’ll need to summon both speed and accuracy to come up on top in the quiz, so be sure to completely absorb, inhale and imbibe the School of Pendle before the big day! So Pendies, whom amongst you shall emerge victorious? Website | App | Twitter | Discord | Telegram | Audits | Whitepapers | Docs Discord Quiz Night — Christmas Special was originally published in Pendle on Medium, where people are continuing the conversation by highlighting and responding to this story.




Pendle Integrates Chainlink Automation to Power vePENDLE Pool Voting

We’re excited to announce that Pendle — a yield trading protocol enabling you to purchase assets at a discount or long DeFi yield — has integrated Chainlink Automation on Ethereum mainnet. We are leveraging Chainlink Automation to help trigger the finalization of votes for a voting epoch on vePENDLE. As a result, users can be assured that the voted pools in every epoch are finalized and that incentives are distributed on time. As Chainlink is one of the most battle-tested protocols in the space, we decided to rely on its Web3 automation service to help power vePENDLE and trigger the finalization of votes for incentive channeling. The Chainlink Automation Network is operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every pool voting finalization per epoch, which anyone from the public can call, is executed on time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended. The Pendle protocol enables permissionless tokenization and trading of yield. Pendle allows anyone to purchase assets at a discount, obtain fixed yield, or long DeFi yield. It does this by allowing the splitting of yield-bearing assets into YT (tokens representing yield) and PT (token...




Pendle + KyberSwap Liquidity Mining Rewards

The PENDLE — ETH KyberSwap Elastic Pool is now live! As a celebration of this joyous union (and in the spirit of Christmas), $20,000 worth of KNC and PENDLE will be made available for all liquidity providers for this pool. That means you’ll have the opportunity to earn additional rewards, on top of the existing swap fees. But farmooors, make haste while the sun shines as rewards are currently available from 15 December 2022, 14:00 UTC until 16 January 2022, 13:59 UTC. Read on to learn more about the KyberSwap Elastic Pool and how you can be a part of this yield galore 🌾 — Liquidity Mining Tutorial - Step 1 — Add Liquidity To add liquidity, head to the PENDLE-ETH elastic pool on KyberSwap here. Click on ‘Add liquidity’. Step 2 — Set Deposit Amount Input the amount of PENDLE or ETH to deposit. The app will auto-populate the corresponding amount of ETH required once you’ve typed in a number for PENDLE, vice versa. Step 3 — Set Your Price Range Here, you’ll need to set a custom price range to provide liquidity for. The price range can be adjusted by typing in specific values for min and max price, or by dragging the 2 blue sliders on the chart. The liquidity supplied will be evenly distributed across the price range that you’ve selected, and you’ll be able to earn a fee for any swaps performed within that range. The amount of fees earned will be proportional to your share of...




ApeCoin Market Launch

The ApeCoin ($APE) market is now live on Pendle! With this, both Apes and Pendies can now: Buy $APE at a discount (up to ~50% at time of writing), Provide sAPE liquidity to the $APE pool and stack rewards, Boost $APE pool incentives with vePENDLE, — APE at a discount - Buying assets at a discount is the bread and butter of Pendle. With $APE in particular, this becomes even more enticing considering the deep discount, going as high as 49.2% at time of writing. The only trade off for this is your liquidity, since the $APE can only be redeemed upon maturity on 29 June 2023. But hey, if you were already going to long $APE, Pendle would be the perfect avenue for you to do so. — Providing Liquidity - Just days ago, we also launched a free-to-use $APE Compounder to help make staking and compounding $APE that much easier. The premise is simple — stake $APE, get sAPE, no fees, no fuss. The Pendle $APE Compounder also significantly boosts your earning potential with $APE, bringing the APY of staking up from 176% to 525%. The good news? It can be even more. With the launch of the Pendle $APE pool, you can provide liquidity to stack and earn extra yield! The current LP APY for the pool stands at 387%, and that’s without incentives. Thanks to the way Pendle V2 AMM is designed, impermanent loss (IL) will be minimal and you won’t even need $APE or sAPE to do this. Simply select the token you’d wish to su...




  PENDLE NEWS


Sky-High Surges to Staggering Losses — Unpacking the Crypto Market...

    Year-to-date, the dynamic landscape of crypto data reveals a 106% surge in bitcoin (BTC) value against the U.S. dollar. However, it's noteworthy that it does not clinch the title of the top performer in this period. A closer look at the metrics since the dawn of the year illuminates the impressive rise of several cryptocurrencies eclipsing the 700% mark against the greenback. Meanwhile, a selection of these digital assets has experienced a staggering loss, plummeting over 60% in value within the fiscal year's framework.Outshining Bitcoin: The Altcoins That Soared Beyond 700% in 2023 A journey through the last 300 days since January 1, 2023, unveils the volatile performance of various digital currencies against the U.S. dollar. While bitcoin (BTC) has experienced a commendable 106% increase, other tokens like aptos (APT) and chainlink (LINK) have also basked in the glory of gains surpassing 100%. Nevertheless, it's crucial to highlight that 26 other cryptocurrencies have outshone Bitcoin in terms of gains since the calendar year's inception. Notably, bitcoin cash (BCH) has soared by 151%, and maker (MKR) has climbed a staggering 177% year-to-date. The digital currency realm has witnessed five gaining crypto assets skyrocketing more than 700% against the greenback. This group is led by rollbit coin (RLB), boasting a 7,429% surge, followed by pendle (PENDLE) at a 1,807% increase, and injective (INJ), which spiked by 961%. Trailing closely are kaspa (KAS) and tellor (TLB), risin... read More



Backed Finance Tokenizes Treasury Bond ETF on Coinbase's Base Network

    Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase's Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares short-term Treasury bond ETF.Tokenizing U.S. Bonds on Coinbase's L2 According to Backed Finance's team, tokenized real-world assets have been successfully issued on the Base blockchain network. These 'b tokens,' or Backed Tokens, are ERC20 coins representing ownership of structured product units. Each token corresponds to a unit of a fully collateralized tracker certificate, which traces the listed value of a specific traded security and is wholly supported by that underlying security, according to Backed. “Backed has issued the first tokenized security on Base - bIB01, a tokenized short-term U.S. treasury bond ETF. Base, Coinbase’s L2 network, offers a low-cost, developer-friendly way to build onchain,” the team disclosed on October 6, 2023. Backed's bIB01 tokens are not available to U.S. users. However, they provide eligible crypto market participants with a U.S. dollar-denominated, regulatory-compliant government bond from the U.S. Treasury. Backed says these tokens maintain the benefits of blockchain technology. “We are incredibly excited to see how Base follows through on its commitment to be developer friendly,” Giorgio Giuliani, Backed’s head of p... read More



Curve Impressively Adds 22% As Founder Sells CRV To Repay Aave Loan

    CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on August 3, CRV is trading at $0.59, rising double digits after dropping to $0.48 on August 1 following a damaging hack that saw liquidity providers in several pools lose funds.  Whales Stepping In To Buy CRV This recovery is attributed primarily to strategic actions by notable crypto whales who have stepped in to mitigate risks on DeFi should CRV prices continue to tank. Meanwhile, Michael Egorov, the founder of Curve and one of the largest CRV holders, has been actively unloading tokens in the secondary market. Egorov is selling to whales like Justin Sun, the founder of Tron, and other venture capitals and decentralized autonomous organizations (DAOs). The founder held around 292 million CRV and used a big percentage to back his loans. On-chain data indicates that on August 2, Egorov sold 3.75 million CRV tokens to Yearn Treasury and another 1.25 million CRV tokens to Stake DAO Governance via the over-the-counter (OTC) market. Egorov has, overall, sold 59.5 million CRV to various institutions and investors, yielding approximately $23.8 million. These OTC sales are at significant discounts, reflecting the founder's efforts to stabilize CRV prices and prevent further contagion. The July 30 hack saw attackers steal fund... read More



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