Is Pendle decentralized?

Could you please elaborate on the decentralization aspect of Pendle? I'm interested to know whether its operations are truly distributed across a network of nodes, or if there are any centralized components involved. Additionally, I'd like to understand how the governance structure of Pendle ensures decentralization and prevents any single entity from exerting undue control. Could you provide insights into these aspects and clarify the extent to which Pendle can be considered truly decentralized?