What is Pendle on Binance?

Could you please enlighten me about Pendle on Binance? I'm quite curious about this topic and would appreciate it if you could explain it to me in detail. Could you tell me what Pendle exactly is? Is it a type of cryptocurrency or a financial service? How does it function on the Binance platform? Are there any specific features or advantages that make Pendle stand out? Additionally, could you also elaborate on the risks involved in investing in Pendle? Thank you in advance for your time and explanation.