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1 PENDLE5.17 USD *
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Pendle (PENDLE) price performance.

The current Pendle price is $5.17 as in the last 24 hours its value has changed by -4.81%. Pendle ranks number 127 in terms of market capitalization. Pendle is a decentralized currency, which means you can buy, sell, and exchange it without having to rely on traditional monetary systems.

What is Pendle (PENDLE)?

Pendle (PENDLE) is a decentralized finance (DeFi) protocol that enables the trading of yield-bearing assets by separating the underlying principal from the future yield. This innovation allows users to speculate on or hedge future interest rates, tokenize yield streams, and create advanced yield strategies — opening new possibilities for fixed-income products in the crypto space.

At the core of Pendle’s system is the yield tokenization mechanism. When a user deposits a yield-generating asset (like stETH or cDAI) into Pendle, it’s split into two components: Principal Tokens (PT) and Yield Tokens (YT). PTs represent the original capital and can be redeemed at maturity, while YTs represent future yield and can be traded independently. This separation creates a new type of DeFi market focused on interest rate dynamics.

The PENDLE token powers governance and incentivization across the protocol. Holders can vote on protocol upgrades, market integrations, and yield pool parameters. PENDLE can also be locked to receive vePENDLE, which grants voting rights and boosts yield rewards — similar to the tokenomics seen in other governance-driven DeFi platforms.

PENDLE is currently trading at $5.17, with a market capitalization of $863,729,210.00. The token reached its all-time high of $7.50 on April 11, 2024. There are 167,553,697.86 PENDLE tokens in circulation, from a total supply of 281,527,448.46, and a maximum supply of 281,527,448.46.

Pendle offers a solution for DeFi users looking to manage interest rate risk, unlock upfront yield, or build structured products — all on-chain. As fixed-income strategies become more relevant in crypto, Pendle’s infrastructure positions it as a key protocol in the evolving decentralized yield economy.

You can buy Pendle using your credit or debit card through Nexo, or choose from other supported payment methods for access. In order to buy PENDLE, head over to the Nexo Exchange.

Optimize the value of your Pendle.

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Swap assets for PENDLE with fixed price execution on Nexo’s crypto exchange.

Credit Line

Borrow funds from 2.9% interest without selling any of your Pendle.

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Spend your funds on Credit and Debit Mode from a single card and earn interest on your spendable balance.

Send Pendle

Make free Pendle transfers to your family or friends as long as they have a Nexo account.

Purchase PENDLE in 3 steps.

After verifying your account:

1. Select an asset

Click on the “Buy” button on your Dashboard and select the desired asset.

2. Enter an amount

Select the amount you want to buy and choose your payment method.

3. Complete the purchase

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Why choose Nexo to buy Pendle?

Buy seamlessly

Purchase PENDLE with card or bank transfer and get crypto cashback.

Optimal pricing

Get competitive rates across top 10 exchanges.

Peace of mind

Benefit from robust infrastructure built for long-term stability.

Earn Interest

Hit your long-term targets with up to % interest, while maintaining the value of your assets through consistent, compounding returns.

Find answers to all your questions about Pendle.

What is Pendle (PENDLE)?

Pendle is a decentralized protocol that enables users to tokenize and trade future yield from yield-bearing assets. It separates the ownership of an asset from its yield, allowing users to buy or sell the right to future earnings. PENDLE is the native utility and governance token used across the platform for liquidity incentives and decision-making.

How does Pendle work?

Pendle splits yield-bearing tokens into two parts: the principal token (PT) and the yield token (YT). Users can sell or trade these tokens independently, enabling strategies like fixed yield, leveraged exposure, or yield speculation. This structure gives DeFi users greater flexibility in managing yield and interest-rate exposure.

How to use Pendle?

To use Pendle, connect a Web3 wallet to the Pendle app and deposit supported yield-bearing assets. You can then tokenize them, provide liquidity, trade PT/YT pairs, or set custom strategies for fixed or variable yields. The platform supports a growing list of assets across Ethereum and other chains.

How to buy Pendle (PENDLE)?

To buy PENDLE on Nexo:

  1. Log in to your Nexo account
  2. Visit the Pendle page
  3. Choose your payment method
  4. Enter the amount and complete the purchase

You can buy PENDLE using crypto, debit/credit card, or bank transfer, depending on your region.

Where to buy Pendle (PENDLE)?

PENDLE is available on various crypto exchanges. On Nexo, you can purchase it directly with flexible payment options and a seamless user experience.

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