Is Pendle deflationary?

Could you please elaborate on whether Pendle exhibits deflationary characteristics? I'm curious to know if its supply is intentionally limited or if there are mechanisms in place to control the inflation rate, potentially leading to a deflationary environment. Could you also discuss any potential impacts this might have on the value and stability of the Pendle token, as well as the overall economy of the Pendle ecosystem? I'm interested in understanding how these factors might affect investors and users of Pendle.