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By introducing advanced financial primitives, pendle v2 enables unprecedented flexibility in managing future yield exposure. Or long yield with leverage — no lockups, no liquidation risk The world's largest crypto yield trading platform. Pendle enables users to separate yield from underlying tokens, creating new opportunities for trading, hedging, and optimizing returns.
Pendle operates as a pioneering protocol within the cryptocurrency ecosystem, focusing on the tokenization and trading of future yield
This innovative approach allows users to manage and capitalize on future yield in a more flexible and strategic manner. In more recent times it has also been used by users as a platform for farming points and airdrops. Pendle is a decentralized finance (defi) protocol built on the ethereum blockchain that aims to provide users with a simple and intuitive platform for trading, yield farming, and liquidity provision of tokenized yield assets. Pendle focuses on tokenizing yield, splitting assets into principal and yield tokens
This approach helps users fix or amplify returns The protocol leverages a custom amm to trade yield tokens seamlessly, offering minimal impermanent loss and broad utility. Pendle is the governance and utility token of pendle finance, a defi protocol on ethereum that allows users to tokenize and trade future yield
