🔎 Introduction
$PENDLE is a DeFi protocol that allows the separation and trading of yield from cash-flowing assets (such as stETH, aUSDC, ezETH...).
→ In other words: you can buy, sell, speculate, lock, or insure yield – just like the bond market in traditional finance.
🚀 Why is $PENDLE an extremely special project?
1. Turn yield into tradable assets
– Pendle separates assets into:
– PT (Principal Token): principal part
– YT (Yield Token): future yield part
→ You can sell the yield immediately to receive cash upfront, or speculate on the yield part, extremely flexible.
2. Clear Real Yield – no more fake APR
– Unlike old DeFi that “prints tokens as rewards”, Pendle generates cash flow from real assets, for example:
– stETH (Ethereum staking)
– aUSDC (lending on Aave)
– ezETH (Renzo)
– rsETH (KelpDAO)
→ Yield comes from real staking and lending activities, not worthless farming.
3. Dominating the re-staking market (EigenLayer)
– Pendle is the largest liquidity venue for restaking assets: ezETH, rsETH, weETH...
– Helps users lock restaking while still being able to trade, creating an ecosystem of “monetizing yield”
4. veToken mechanism – a game for strategic DeFi
– Use $PENDLE to lock into vePENDLE → receive boost & profit sharing
– Creates incentives for “long-term holders” → reduces selling pressure
5. User growth has surged recently
– In the restaking season, Pendle reached a trading volume of up to $100M/day
– Steady growth across ecosystems: Ethereum, Arbitrum, Optimism, Mantle
📊 Basic information (7/2025)
– Price: ~$4.76
– Marketcap: ~$1.32B
– FDV: ~$1.34B
– Chain: Ethereum, Arbitrum, Optimism, Mantle
– Total supply: 281.5 million
– Exchanges: Binance, OKX, Bybit, KuCoin, Uniswap, etc.
⚠️ Risks to watch out for
– Complex mechanism, requires users to understand clearly before participating
– The yield market may cool down when staking rates or airdrop rates decrease
– The protocol heavily relies on other yielding assets (LSTs, LRTs...)
💡 Summary:
If Uniswap helps you trade tokens, then Pendle helps you trade yield.
In a market increasingly oriented towards real yield, Pendle is becoming the “DeFi bond exchange” for the crypto world.
Are you ready to earn money from staking & restaking yields yet?
