Pendle (PENDLE) is a DeFi protocol that offers an innovative approach and a unique opportunity in the field of yield farming. This Etheruem (ETH)-based protocol is focused on asset management. Pendle's innovation lies in its ability to tokenize future yields.
By yield tokenization, Pendle users can buy and sell their future returns, enter them into futures transactions, or obtain fixed returns from these assets. Pendle also offers an Automated Market Maker (AMM). Additionally, although it is developed on Ethereum, it can work cross-chain. At the time of writing, Pendle supports blockchain networks such as Arbitrum (ARB), BNB Chain (BNB), and Optimism (OP) in addition to Ethereum.
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