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There’s a new DeFi major on the block – Pendle. With $4B in total value locked (TVL) and deposits on the rise, the protocol is now among the largest projects in crypto.
In short, Pendle stands out for allowing users to tokenize and trade future yields on their DeFi assets.
Under the hood, the system splits yield-bearing assets into two separate tokens: one representing the principal and the other the future yield. This separation unlocks innovative strategies for earning fixed income or speculating on yield fluctuations.
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* Bankless team holds crypto assets and advise crypto projects. Timeswap is included in our disclosures. See our complete investment disclosures here
