Pendle Finance protocol
Overview
Pendle Finance is a DeFi protocol that makes future yield a tradable asset. It wraps yield-bearing tokens into a Standardised Yield (SY) form and then splits them into a Principal Token (PT), redeemable 1:1 for the underlying at maturity, and a Yield Token (YT), which captures all variable yield until expiry. A purpose-built AMM trades PT against SY, so users can lock in fixed yield by buying PT or take leveraged exposure to yield by buying YT. Pendle is governed by the PENDLE token and has become the dominant venue for on-chain yield trading, with integrations across major yield-bearing assets such as liquid restaking tokens and yield-bearing stablecoins.
Within the DeFi Intel graph, Pendle Finance connects to 43 tracked entities, most strongly to Arbitrum, Lido, Ethereum Mainnet.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 43 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deploys_on | Arbitrum | 95% |
provides_underlying_for | Lido | 95% |
deploys_on | Ethereum Mainnet | 95% |
uses | Pendle Amm v2 | 95% |
launches | Pendle Points Markets | 95% |
issues | Pendle Pt | 95% |
uses | Pendle Sy | 95% |
governs_via | PENDLE | 95% |
issues | Pendle Yt | 95% |
integrates | EigenLayer | 90% |
Frequently asked questions
What is Pendle Finance?
Pendle Finance is a yield-tokenization tracked in the DeFi Intel knowledge graph. It is connected to 43 other tracked entities, most strongly to Arbitrum, Lido, Ethereum Mainnet.
What type of entity is Pendle Finance?
Pendle Finance is classified as a yield-tokenization (protocol) in the DeFi Intel knowledge graph.
What is Pendle Finance connected to?
In the DeFi Intel knowledge graph, Pendle Finance is linked to 43 other tracked entities, most strongly to Arbitrum, Lido, Ethereum Mainnet.
Live news feed, full graph, and search.