Introduction to Pendle
Pendle is a unique platform that allows users to trade in the future yields of yield-generating assets. This means that you can trade the future yields of your crypto investments today, providing more flexibility in managing your passive income sources. Pendle operates on Ethereum and Arbitrum, leveraging the power of decentralized finance (DeFi) to create a new market for trading future returns.
How Does Pendle Work?
Pendle works by splitting yield-generating assets into two components: the underlying value and the future revenue (yield). These components can then be traded separately. This creates a market where users can sell or buy their future returns, depending on their market expectations. The platform utilizes smart contracts to enable this functionality, allowing for the separation of future yields from the underlying asset value.
What Makes Pendle Unique?
Pendle has a native token called PENDLE, which is used for