What is Pendle?
Pendle is a yield trading protocol that tokenizes yield-bearing assets into PT (Principal Token) and YT (Yield Token). This allows users to separate and trade the principal and yield components.
API Features
- Tokenization - Split yield-bearing assets into PT/Y
- Yield Trading - Trade future yield separately
- Fixed Yield - Lock in fixed APY
- AMM - Custom AMM for PT/YT trading
- Staking - PENDLE token rewards
Supported Assets
- stETH (Lido)
- rETH (Rocket Pool)
- cbETH (Coinbase)
- frxETH (Frax)
- And more