We are happy to announce the listing of $PENDLE Token. Starting on Tuesday, 15th October, 2024 at 10 AM CET. LCX Exchange will support the $PENDLE Token. Deposits will start on – Starting on Tuesday, 15th October, 2024 at 10 AM CET. The trading pair $PENDLE / EUR will be listed.
What is Pendle Finance?
Pendle Finance is a decentralized finance (DeFi) platform that enables the trading of interest rate derivatives by isolating yield from yield-generating assets. It offers a novel on-chain solution similar to traditional finance instruments like zero-coupon bonds. This allows liquidity providers and yield farmers to manage risk, speculate on future returns, and refine their investment strategies more effectively.
How Pendle Works
Pendle utilizes a Standardized Yield token system to separate ownership of the asset and its future yield. This process creates two tokens: the Principal Token, representing the underlying asset, and the Yield Token, representing the future yield.
Pendle also features a unique Automated Market Maker (AMM) that adjusts for time-decay. Since Yield Tokens’ value changes over time, this AMM design helps mitigate potential losses from asset mispricing.
What is the Role of the PENDLE Token?
PENDLE is the native token within the Pendle Finance ecosystem, with two key roles: governance and incentives. Liquidity providers on the platform earn PENDLE tokens and a share of trading fees. Additionally, PENDLE can be staked to obtain vote-escrowed PENDLE (vePENDLE), allowing holders to participate in governance decisions and boost their rewards.
Users can sign up for an LCX Account here
Start Trading $PENDLE
Launch LCX ExchangeDeposits: Deposits open on Starting on Tuesday, 15th October, 2024
Pair Listing Details:
$PENDLE /EUR starting on Wednesday, 16th October, 2024 at 10 AM CET
How to deposit $PENDLE ?
Go to LCX Accounts > Wallet
Scroll down to $PENDLE .
Click on the “Deposit” tab next to $PENDLE .
Your deposit address will be displayed on the screen.
Send $PENDLE to this address.
Important Note: Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.
