Protocol details
- Yield source
- Yield tokenization and trading. Separates yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT). Fixed-rate yields achieved by buying PT at discount.
- Auditors
- Ackee Blockchain, Dedaub
- Governance
- PENDLE token holders
- Launched
- 2022
- Key risk factors
- Complexity risk
- Underlying asset risk
- Liquidity fragmentation