Pendle is a protocol designed to trade tokenized future yields on an AMM (Automated Market Maker) system. Built atop leading DeFi protocols like Aave and Compound, it allows users to deposit yield-bearing tokens (e.g., from Aave or Compound) in exchange for ownership tokens (OT) and yield tokens (YT). PENDLE is the platform’s native token, enabling holders to stake LP tokens and earn trading fees or rewards. This article explores PENDLE’s initial price, total supply, and project fundamentals.
Initial Price and Total Supply of PENDLE Coin
- Initial Price: $1.6957 per PENDLE
- Total Supply: 188,700,000 PENDLE
Pendle Finance has garnered support from major players in crypto, including Mechanism Capital, DeFi Alliance, and Crypto.com, securing $3.5 million in seed funding to launch its tokenized yield market. While this boosts visibility, widespread adoption remains uncertain.
For PENDLE to reclaim historical highs, its dApp must gain traction—a challenge in current market conditions. Investors should approach cautiously, as PENDLE is still speculative, with governance power limited until official recognition.
👉 Discover how Pendle innovates DeFi yield trading
Pendle Project Overview
DeFi is reconstructing finance on open rails, and Pendle aims to bridge the next milestone by enabling yield trading without collateral. Key features include:
1. Accessibility
- Supports multiple protocols (Aave, Compound) and assets, streamlining yield management.
2. Flexibility
- Withdraw or deposit capital freely—no lock-up periods.
3. Full On-Chain Transparency
- All transactions are smart-contract driven and verifiable.
Pendle’s innovation lies in tokenizing future yields, allowing holders to lock in gains and traders to speculate on yield streams directly.
FAQs About PENDLE Coin
1. What is PENDLE’s use case?
PENDLE facilitates staking, governance (future), and fee incentives within Pendle’s yield-trading ecosystem.
2. How does Pendle generate yields?
By tokenizing yields from platforms like Aave/Compound and enabling their trade via OT/YT tokens.
3. Is PENDLE a good investment?
High-risk due to its early-stage dApp; evaluate market adoption and project milestones.
4. Where can I buy PENDLE?
Available on major exchanges like OKX, Binance, and Uniswap.
👉 Explore PENDLE trading pairs
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks; conduct independent research before investing.