What does Pendle do?

Pendle, a pioneering platform, is grounded firmly on the Ethereum blockchain, harnessing its robust infrastructure for innovative financial solutions. This technology backbone enables Pendle to offer users a unique experience in the digital asset landscape.

At the core of Pendle's offering lies the ability to trade tokenized yield assets seamlessly. Users can access and exchange these assets with ease, leveraging Pendle's intuitive interface and robust trading engine.

Yield farming, a popular strategy among crypto enthusiasts, is also supported by Pendle. The platform facilitates the process, allowing users to earn rewards by contributing their assets to liquidity pools or participating in other yield-generating activities.

Recognizing the importance of liquidity in the crypto ecosystem, Pendle encourages users to provide liquidity for tokenized yield assets. This not only benefits the platform's overall health but also rewards participants with attractive incentives.

The protocol's native token, PENDLE, plays a pivotal role in Pendle's ecosystem. It serves as a means of governance, empowering token holders to shape the platform's future direction and decision-making processes. Additionally, PENDLE can be staked within the platform, unlocking further rewards and benefits for its holders.