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Pendle price calculator

Use the Pendle price calculator to convert prices for PENDLE trading pairs and for all markets on the BTC Markets exchange.

About Pendle (PENDLE)

Pendle is a decentralised protocol that enables users to execute various yield-management strategies. It is built on the Ethereum blockchain and utilises smart contracts to facilitate the creation and trading of yield tokens. These tokens represent a claim on a specific yield generated by an underlying asset, allowing users to buy, sell, and trade yields in a decentralised manner.

Using Pendle (PENDLE) price information

The live chart above tracks the variations in Pendle price, in Australian dollars (AUD), over recent months. It’s important to track the daily price movements of an asset and keep an eye on its patterns in the market.

Frequently asked questions

What is Pendle (PENDLE) and how does it work?

Pendle is a DeFi platform that enables users to trade expected future returns from Ethereum-based assets.

Users can secure their assets in a contract that separates them from their potential future earnings. These future earnings are then turned into tokens, which can be sold or exchanged. This setup allows users to adjust their financial risk and helps create a vibrant market for these future yields, improving both liquidity and the ability to determine the value of these assets.


How is the price of Pendle determined?

Like other cryptocurrencies, the Pendle price is determined by the balance of supply and demand in the market.

Influencing factors include how widely the platform is being used, developments within the DeFi world, and general market sentiment. Prices can change rapidly to reflect new information or shifts in investor perspectives about future returns from DeFi activities.


What blockchain does Pendle operate on?

Pendle operates on the Ethereum blockchain. This allows it to integrate smoothly with a wide range of existing DeFi applications and services that are also built on Ethereum.

As a result, Pendle benefits from the security of Ethereum and its established network effects. The strong blockchain foundation is essential for Pendle's operations, particularly because it deals with financial transactions and services in the DeFi space.


How does Pendle interact with other DeFi protocols?

Pendle interacts with other DeFi protocols by enabling the trading of future yield tokens derived from these protocols' assets. This interaction allows users to manage risks associated with future yields by trading them before they materialise.

By creating a market for these future yields, Pendle adds depth to the DeFi ecosystem. It offers new strategies for income generation and investment, as well as enhances liquidity across different DeFi platforms. The integration broadens the utility and accessibility of financial strategies in the DeFi space.


Find out the latest Pendle news

Weekly Crypto Wrap: 20th June 2024
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Weekly Crypto Wrap: 20th June 2024

Read more - Weekly Crypto Wrap: 20th June 2024
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