What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is Pendle Finance? Things to know about Pendle Finance
- What is Pendle Finance?
- Pendle Finance Overview
- How Pendle Finance works
- Development team
- Investor
- Tokenomics
- Overview of Pendle Finance project tokens
- Token Allocation
- Token Allocation
- Utility of the PENDLE . token
- summary
What is Pendle Finance?
Pendle Finance Overview
Pendle Finance is a DeFi project that brings a new design when combining DeFi Yield and Trading Protocol. The project provides users with a platform where they can freely create strategies to profit from their own profits in the future.
How Pendle Finance works
Pendle Finance has a relatively simple operating mechanism as follows:
Step 1 : Pendle Finance will wrap Yield – Bearing Tokens (also known as profitable tokens) in the form of SY.
Step 2 : SY - the standard for issuing profit tokens in the future, will be divided into 2 types: PT (Principal Token - Original Token) and YT (Yield Token - Profit Token).
Step 3 : PT & YT are traded through custom Pendle AMM.
When you hold YT, PT or both, you can use them to:
- Use an original asset to mint PT and YT
- Use PT and YT at the ratio 1:1 to redeem the original asset
- When holding YT, you can claim rewards anytime you want
- And when holding PT, you can get back the original asset after maturity
In addition, Pendle Finance allows users to access a number of other profit-making strategies in the near future, including:
Fixing Your Yield: You will rely on supply and demand for PT to be able to buy assets at a discounted price and receive the full amount on the maturity date.
Leverage Yield Farming : Use leverage to generate more profit as 3AC did with Lido Finance & stETH.
Yield Trading : Your future profits can be traded, traded for more profit.
Development team
The project was built and developed by a Vietnamese team, including Nghia Pham, Thuc L., Daryl Tan, Kevin Tseng, Long Vuong Hoang...
Investor
On April 16, 2021, Pendle Finance raised $3.7 million in a Private round led by Mechanism Vapital with participation from Crypto.com , Spartan Group, Haskey Capital, LedgerPrime, Sora Ventures…
Tokenomics
Overview of Pendle Finance project tokens
- Project name: Pendle Finance
- Token: Pendle
- Blockchain: Ethereum
- Token classification: ERC 20
- Total Supply: 235,890.444 PENDLE
Token Allocation
- Ecosystem Fund: 19.2%
- Core Team: 5.7%
- Circulating: 65.1%
- Incentives: 10%
Token Allocation
In October 2022, PENDLE's inflation will be close to 2%/year and from that time, the inflation rate will be reduced by 1.1% every week until April 2026.
Utility of the PENDLE . token
Pendle Finance uses the same veToken model as many projects today. Pendle's veToken model has several highlights such as:
- vePENDLE will be locked for a maximum of 2 years and the value of vePENDLE will decrease over that time.
- All revenue of Pendle Finance protocol will be shared to vePENDLE.
- vePENDLE has the right to vote to direct incentives to different pools thereby generating more profits.
- A person who is both a liquidity provider (LP) and holds vePENDLE at the same time will get more rewards.
summary
Above are detailed information about Pendle Finance and the PENDLE token. This is a DeFi project with a very unique idea when it became the first Yield Derivatives project. opens up a whole new market in DeFi helping users effectively use their capital. If you are interested in this project, you can follow some more social networking channels such as:
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Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
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