What is the Pendle model of business?

As a keen observer in the cryptocurrency and financial sphere, I'm curious to understand the Pendle model of business. Could you elaborate on its core principles and how it differs from traditional financial models? Specifically, I'm interested in its approach to decentralized finance, the role of staking, and how it aims to provide liquidity and pricing efficiency to its users. Additionally, I'd like to know about its tokenomics, governance structure, and how it plans to scale its operations in the future. Understanding these aspects will help me grasp the Pendle model's unique value proposition and its potential impact on the cryptocurrency ecosystem.