Pendle Price (PENDLE)

Currency:
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks.
PENDLE to QAR:
1 Pendle equals ر.ق 21.63 QAR-1.98%1D
Page last updated: 2024-12-14 00:17 (UTC+0)
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Price of PENDLE today

The live price of Pendle is ر.ق 21.63 per (PENDLE / QAR) with a current market cap of ر.ق 3.56B QAR. 24-hour trading volume is ر.ق 255.99M QAR. PENDLE to QAR price is updated in real-time. Pendle is -1.98% in the last 24 hours with a circulating supply of 164.72M.
PENDLE Price History QAR
Date ComparisonAmount Change% Change
Todayر.ق -0.436677-1.98%
30 Daysر.ق 1.902228+9.64%
60 Daysر.ق 5.880017+37.33%
90 Daysر.ق 9.531732+78.77%

PENDLE Market Information

24h Low & High
Low:
High:
The highest and lowest price paid for this asset in 24 hours.
All Time High
ر.ق NaN
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
+1.3%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-1.98%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-13.16%
The percentage change in price for this asset compared to 7 days ago.

PENDLE Market Information

Popularity
#114
Popularity is based on the relative market cap of assets.
Market Cap
ر.ق 3.56B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
ر.ق 255.99M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
164.72M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
ر.ق 5.59B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2021-04-26

What Can You Do With Pendle (PENDLE)?

Explore how to use your cryptocurrencies with Binance.

About Pendle (PENDLE)

Pendle operates as a decentralized protocol enabling the tokenization and trading of DeFi yields. It permits participants to engage in sophisticated yield-management strategies by splitting yield-bearing assets into two distinct components: the Principal Token (PT) and the Yield Token (YT). This mechanism facilitates the earning of either fixed or variable yields via Pendle's version 2 Automated Market Maker (AMM).

Pendle has an objective to differentiate itself via the tokenization of DeFi yields, which allows for wagering on yield variations. The project claims its updated AMM design enhances capital efficiency up to a substantial measure in comparison to its initial version. Pendle also offers a reduced risk of impermanent loss and dual income sources for liquidity providers with PT and YT swaps.

Within Pendle's ecosystem, yield-bearing assets undergo tokenization into standardized yield tokens, subsequently divided into PT and YT. PT holders are entitled to the asset's principal, redeemable post-maturity, and can trade PT at any time, with its value appreciating towards full maturity value. YT holders, on the other hand, are entitled to the asset's yield, which can be claimed and traded at any moment, allowing users to profit from yield fluctuations.

Pendle's technological infrastructure features an AMM model that integrates pseudo-AMM mechanisms with flash swaps. This design not only enhances capital efficiency but also minimizes impermanent loss by adjusting the AMM curve to reflect PT's natural price appreciation over time.

Pendle's primary application revolves around yield management and trading in the DeFi sector. Its platform supports the splitting of yield-bearing assets for fixed or variable yield earnings, catering to diverse investment strategies. Pendle also fosters deeper liquidity for yield-bearing protocols.

The PENDLE token is a key part of Pendle's ecosystem, acting as both a utility and governance token. It encourages liquidity and lets holders contribute to protocol governance, augmenting the platform's yield trading and management.

The PENDLE price is updated and available for real-time tracking on Binance.

People Also Ask: Other Questions About Pendle

  1. What is Pendle Platform Used For?

    Pendle provides a platform for the tokenization and trading of DeFi yields. It offers the option to break down yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT). This segregation enables a broad spectrum of yield management strategies, accommodating investors looking for stable or fluctuating returns. By using Pendle, participants have the opportunity to fine-tune their yield generation capabilities, either securing future yields or speculating on yield changes. It brings a new aspect to DeFi investment approaches.

  2. What Is PENDLE Used For?

    The PENDLE token underpins the Pendle ecosystem, serving as both a reward for liquidity provision and a governance token through its vePENDLE variant, allowing holders to influence protocol decisions. Users locking PENDLE to obtain vePENDLE can participate in voting on the allocation of emission rewards and accrue fees from trading and yield generation activities on the platform. This dual function of PENDLE not only incentivizes participation and liquidity but also ensures community engagement in the protocol's development and governance, reinforcing the ecosystem's sustainability and growth.

  3. How Do Network Consensus and Validation Work On Pendle?

    Pendle leverages the Ethereum blockchain, which operates on a Proof of Stake (PoS) consensus mechanism, ensuring both security and decentralization in its network consensus and transaction validation processes. Utilizing Ethereum's PoS mechanism, Pendle benefits from enhanced security, reduced environmental impact, and the ability to scale effectively, ensuring a robust and efficient platform for yield trading and management.

  4. Who Is The Founder Of Pendle?

    The founders of Pendle are TN Lee, who serves as the CEO, and Vu Nguyen, the CTO. TN Lee brought his experience as the former Head of Business Development at Kyber Network to Pendle, while Vu Nguyen contributed his expertise as a previous Lead Smart Contract Developer at Digix, alongside his achievements as a 3x Math Olympiad Gold medalist. Pendle was founded in October 2020.

  5. What is the Maximum and Circulating Token Supply of Pendle?

    Pendle has set a maximum token supply limit of 258,446,029 PENDLE tokens. At the time of writing the circulating supply is 238,185,588 PENDLE tokens.

  6. What Makes Pendle Different From Others?

    Pendle aims to offer a unique approach within the DeFi sector through its yield tokenization method. This approach allows assets to be split into Principal Tokens (PT) and Yield Tokens (YT), catering to personalized investment tactics. The platform utilizes an improved Automated Market Maker (AMM) system that aids in boosting capital efficiency and lessening trading slippage. Its design aims to limit impermanent loss, thereby providing a feasible solution for yield management. Pendle's amalgamation of features makes it a recognized participant in the DeFi yield trading field, proposing detailed and efficient alternatives for yield enhancement.

  7. How To Buy Pendle (PENDLE)?

    Pendle (PENDLE) can be purchased directly from Binance by using a debit or credit card. Pendle (PENDLE) can also be traded for other cryptocurrencies on Binance. Live Pendle price is updated in real-time on Binance. PENDLE price and purchase information is available for users to read on our How to Buy Pendle (PENDLE) Guide.

PENDLE to Local Currency

FiatPriceOperation
1 PENDLE to USD$ 5.943156
1 PENDLE to TRY$ 5.943156
1 PENDLE to RUB$ 5.943156
1 PENDLE to EUR$ 5.943156
1 PENDLE to AED$ 5.943156
1 PENDLE to AUD$ 5.943156
1 PENDLE to BRL$ 5.943156
1 PENDLE to VND$ 5.943156
Last updated 2024/12/14 12:17 (UTC)

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