Binance is excited to announce its 35th Launchpool project: Pendle (PENDLE), a yield-trading protocol that splits yield-bearing assets into principal and yield components, allowing users to earn fixed or flexible returns. The Launchpool webpage will be available approximately 4 hours before the farming period begins.
Farming Details
- Farming Period: 25 days, starting from July 4, 2023, 00:00 (UTC).
- Supported Pools: Stake BNB or TUSD in separate pools to farm PENDLE tokens.
Reward Distribution:
- BNB Pool: 80% of rewards (4,016,977.60 PENDLE).
- TUSD Pool: 20% of rewards (1,004,244.40 PENDLE).
Pendle (PENDLE) Tokenomics
| Metric | Value |
|---|---|
| Total Token Supply | 251,061,124 PENDLE |
| Launchpool Rewards | 5,021,222 PENDLE (2% of supply) |
| Circulating Supply | 140,192,253.58 PENDLE (56%) |
| Smart Contract | Ethereum, Arbitrum |
| Staking Terms | No cap. KYC required. |
Daily Farming Rewards
| Date Range (UTC) | Total Daily Rewards (PENDLE) | BNB Pool (PENDLE) | TUSD Pool (PENDLE) |
|---|---|---|---|
| July 4 - July 28, 2023 | 200,848.88 | 160,679.10 | 40,169.78 |
Key Features
👉 Maximize your yields with Pendle’s innovative protocol
Flexible Staking:
- Users can unstake funds anytime and reallocate to other pools.
- Rewards are calculated hourly and can be claimed directly to Spot accounts.
BNB Vault Integration:
- BNB staked in Binance’s BNB Vault automatically participates in PENDLE farming, with daily rewards deposited into Spot wallets.
- Staked BNB retains standard benefits (e.g., airdrops, Launchpad eligibility, VIP perks).
Transparent APY:
- Pool APYs and total balances update in real-time.
FAQs
1. How are rewards calculated?
- Hourly snapshots determine average balances, with rewards updated hourly.
2. Can I stake the same tokens in multiple pools?
- No. Tokens can only be staked in one pool at a time, but partial allocations are allowed (e.g., 50% to Pool A, 50% to Pool B).
3. When will PENDLE tokens be distributed?
- Unclaimed rewards and staked tokens are automatically transferred to Spot accounts after the farming period ends.
4. Is there a staking cap?
- No, but KYC verification is required.
👉 Explore Pendle’s unique yield-splitting mechanism
Notes
- English version prevails in case of discrepancies with translations.
- Commercial links, promotional codes, and unrelated hyperlinks have been removed for compliance.