Pendle (PENDLE) ICO Presale & Project Overview

TOKEN PROJECT DESCRIPTION

Pendle is a groundbreaking permissionless yield-trading protocol that empowers users to execute diverse yield-management strategies effortlessly. To fully grasp the potential of Pendle, let's delve into its three key components:

Yield Tokenization: Pendle revolutionizes the yield-bearing tokens by wrapping them into SY (standardized yield tokens). These wrapped tokens, compatible with the Pendle AMM, undergo yield-tokenization, where the yield is elegantly separated into a distinct token. For instance, stETH is transformed into SY-stETH, with the yield tokenized separately from the principal token.

Pendle AMM: At the heart of Pendle lies its Advanced Automated Market Maker (AMM), where both PT (principal token) and YT (yield token) can be efficiently traded. While the AMM forms the core engine of Pendle, trading PT and YT does not require an in-depth understanding of its intricacies.

vePENDLE: As trailblazers in yield derivative protocols, we are bridging the gap between the traditional financial interest derivative market (with over $400T in notional value) and the DeFi space, ensuring accessibility for all.