Pendle Price in India (PENDLE)

Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield and opportunities for its utilization.

Pendle was created by an anonymous group of four members who going by the pseudonyms of TN Lee, GT, YK, and Vu. The project was officially launched in June 2021.

1. PENDLE is Pendle’s native ERC-20 DeFi protocol token based on the Ethereum blockchain.

2. The maximum possible number of tokens (total issuance) is 258.4 billion PENDLE tokens.

3. Pendle protocol works on the principle of an Automated Market Maker (AMM).

Pendle was created to enhance the yield trading experience for crypto users. In this way, its founders have focused on making crypto yield trading more widespread.

If you are looking to buy PENDLE, then you can check out third-party cryptocurrency exchanges like CoinSwitch.

1. Yield Tokenization: Split any yield-bearing asset into separate yield and principal components for maximum control.

2. Pendle AMM: Designed for yield trading with concentrated liquidity, dual fee structure, and negligible IL concerns.

3. Governance: Pendle’s governance relies on vote-escrowed PENDLE, also known as vePENDLE.

Pros

• Various yield utilization strategies.

• There is no lock-up period.

• Cross-chain support.

• vePendle.

Cons

•New platform.

• Volatility of YT eETH, LP eETH, and PT eETH tokens.

1. You can invest and trade PENDLE for just ₹100.

2. Trade PENDLE at a nominal fee.

3. Easily manage your transactions and your portfolio.