Pendle is a decentralized finance (DeFi) protocol that allows users to trade future yield. It enables the tokenization and trading of yield-bearing assets by separating them into two parts: the principal token (PT) and the yield token (YT). This way, users can lock in future yields, hedge risks, or speculate on interest rate changes.
Pendle is especially useful in yield farming and fixed income strategies, offering more flexibility and efficiency in DeFi markets.
As DeFi matures, Pendle plays a key role in unlocking new ways.
Here's a little gift from me to you.
