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    Pendle
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Pendle - Logo

Pendle (PENDLE)

Derivatives

Price

~$4.6372

Live

ATH

$6.95

30d ago

ATL

$0.0345

1.5y ago

Chains

4 chains

7d price +7.1%

30d price -28.3%

90d price +59.9%

180d price +297.9%

Learn more

What is Pendle?

Pendle is a permissionless yield-trading protocol built on Ethereum, Arbitrum, BNB Chain, and Optimism. Pendle was founded by TN Lee and was launched in 2021.

How does Pendle work?

Users deposit yield-bearing tokens into Pendle Markets. The yield-bearing token is wrapped and split up into its principal and yield-bearing components, which allows users to execute yield-trading strategies (i.e. earn fixed yield, long yield). Traders pay a swap fee whenever yield-bearing tokens are swapped with its wrapped, principal, or yield-bearing component tokens.

Who governs Pendle?

PENDLE tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

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RevenuePendle's share of swap fees$80PendleSupply-side feesLiquidity providers' share of swap fees$20Liquidity providersFeesSwap fees$100Traders
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.

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