PENDLE token
Overview
PENDLE is the native governance and utility token of Pendle Finance, a DeFi protocol that enables the tokenization and trading of future yield. Users can separate yield-bearing assets into principal tokens (PT) and yield tokens (YT), allowing for speculative yield trading or fixed yield strategies. The token is used for protocol governance, fee distribution, and incentivizing liquidity providers.
Within the DeFi Intel graph, PENDLE connects to 4 tracked entities, most strongly to Pendle, Pendle, Pendle.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Pendle | 95% |
issued_by | Pendle | 95% |
issues | Pendle | 95% |
supports_token | Pendle DAO | 95% |
In-depth guides on PENDLE
- Pendle LP Strategy: PT/YT Rebalancing for Max Yield — DeFi Intel
- Pendle PT/YT Advanced Strategies for Fixed Yield — DeFi Intel
- Pendle Yield Tokenization Explained: PT, YT, EigenLayer Era, LRT Markets, and the RWA Pivot (2026) — DeFi Intel
- Pendle Finance Explained: PT, YT, Yield Tokenization, and PENDLE Token (2026) — DeFi Intel
Frequently asked questions
What is PENDLE?
PENDLE is the native governance and utility token of Pendle Finance, a DeFi protocol that enables the tokenization and trading of future yield.
What is PENDLE used for?
PENDLE is used for protocol governance, fee distribution, and incentivizing liquidity providers.
What protocols support PENDLE?
PENDLE is supported by Pendle and Pendle DAO.