Pendle PENDLE

42161 · Exchange Tokens

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PENDLE is the governance and utility token of Pendle, a protocol that tokenizes future yield from yield-bearing assets. It is used to vote on protocol decisions, allocate liquidity incentives, and earn swap fees. Holders lock their tokens to receive vePENDLE, a vote-escrowed mechanism that grants long-term stakers significantly more voting power and boosted liquidity mining rewards to incentivize long-term decision making.