Pendle Finance organization
Overview
Pendle Finance is a decentralised finance protocol that tokenises future yield. It separates a yield-bearing asset into a Principal Token, which can be redeemed for the underlying at maturity in the manner of a zero-coupon bond, and a Yield Token, which gives the holder rights to the yield accumulated until maturity. This mechanism enables users to lock in fixed yields, take directional views on yield rates, or construct structured products, all traded through Pendle's bespoke automated market maker. By total value locked, it is the largest venue for yield derivatives in DeFi. The protocol operates on Ethereum and multiple other EVM-compatible chains. Pendle has also introduced Boros, a market for trading perpetual funding rates. Governance is conducted via the PENDLE token.
Within The Counterparty graph, Pendle Finance connects to 7 tracked entities, most strongly to Ethena Labs, Penpie, Pendle V2.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
integrated_with | Ethena Labs | 90% |
paused_after_hack | Penpie | 90% |
developed | Pendle V2 | 90% |
integrated_with | ether.fi | 90% |
recovered_funds_after | Penpie | 85% |
co_founded | Tn Lee | 85% |
developed | Pendle Boros (V3) | 85% |
Frequently asked questions
What is Pendle Finance?
Pendle Finance is an organization tracked in The Counterparty knowledge graph. It is connected to 7 other tracked entities, most strongly to Ethena Labs, Penpie, Pendle V2.
What type of entity is Pendle Finance?
Pendle Finance is classified as an organization (organization) in The Counterparty knowledge graph.
What is Pendle Finance connected to?
In The Counterparty knowledge graph, Pendle Finance is linked to 7 other tracked entities, most strongly to Ethena Labs, Penpie, Pendle V2.