PENDLE
$3.37

Pendle (PENDLE) Price

$3.37
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Pendle (PENDLE) Price Today

The live price of Pendle is $3.37 USD. In the past 24 hours, the trading volume of Pendle was $67.4M USD, with a change of +4.28%. The current live price of Pendle has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $281,527,448.46 PENDLE, the market cap of Pendle is currently $521.1M USD, marking a -36.33% change in the last 24 hours. Pendle currently ranks 101 by market capitalization.

Pendle (PENDLE) Market Data

Market Cap
$545.4M
24h Volume
$67.4M
Circulating Supply
281.5M PENDLE
Maximum Supply
--
Fully Diluted Market Cap
$950.8M
Liquidity Indicator
12.37%
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About Pendle (PENDLE)

Many users often overlook projects with great potential in the field of Defi LSD finance due to the complexity of their knowledge. The most important aspect BingX Price Analysis Tool aims to achieve is to enable users to understand the value of a project in the shortest possible time, allowing them to easily decide whether to invest.


In simple terms, the concept of Pendle is: allowing users to trade tokens while they are still staked.


If users want to earn high returns from staking, the staking period is usually one year. Some users may need to withdraw tokens earlier for urgent needs, but since the tokens are locked, they have to wait. In real life, using a bank's fixed-term deposit, such as a 1-year term, would incur penalties for early withdrawal. However, in the blockchain, a decentralized market, such penalties are not necessary.


Pendle addresses the issue of trading locked tokens.


Pendle refers to the tokens staked as PT (Principal Token) and the earnings obtained as YT (Yield Token).


For example, staking 1 ETH for 1 year with an annual yield of 5%. The PT is 1 stETH, and YT is 0.05 stETH, with a lock-in period of 1 year. After 1 year, the user can receive 1.05 ETH.


After staking for six months, if the user needs to sell the staked 1 ETH, they can choose one of three options:



  1. Sell the yield YT at a lower price, for example, 0.05 stETH at 0.04 stETH. Other users who choose to buy will only receive 0.05 stETH after the staking period.

  2. Sell PT at a lower price, i.e., 1 stETH at 0.95 ETH. After the staking period, the user can still receive staking earnings, but because the principal is sold below the 5%, the staking earnings must be deducted by 5%.

  3. Choose to sell both PT and YT. For example, staking for 1 year, selling 0.05 ETH at the price of 1 ETH. The buyer can obtain the 1.05 ETH earnings in a shorter time.


In addition to the mentioned benefits, users can also choose to long or short yields. Since the staking returns of POS tokens are not fixed and can change based on user participation, if more users choose to stake, the rewards will decrease. Conversely, if only a small number of users stake, the staking rewards will increase, attracting more people to stake. This is common in short-term staking.

Information source

Pendle (PENDLE) Price Converter

PENDLE to USD
1 PENDLE = $ 3.37
PENDLE to VND
1 PENDLE = ₫ 87,820.29
PENDLE to EUR
1 PENDLE = € 2.95
PENDLE to TWD
1 PENDLE = NT$ 109.91
PENDLE to IDR
1 PENDLE = Rp 56,951.76
PENDLE to PLN
1 PENDLE = zł 12.66
PENDLE to UZS
1 PENDLE = so'm 43,629.08
PENDLE to JPY
1 PENDLE = ¥ 477.12
PENDLE to RUB
1 PENDLE = ₽ 275.78
PENDLE to TRY
1 PENDLE = ₺ 129.27
PENDLE to THB
1 PENDLE = ฿ 113.03
PENDLE to UAH
1 PENDLE = ₴ 140.54
PENDLE to SAR
1 PENDLE = ر.س 12.67
Pendle Price Converter

How to Buy Pendle (PENDLE)

Create & Verify Your Account
Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.
Fund Your Account
Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.
Trade Now
Now that your account is funded, you can seamlessly trade Pendle PENDLE and other cryptocurrencies while exploring BingX’s diverse trading features!
How to Buy PENDLE Guide

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.