Pendle price
in USD$3.321
-- (--)
USD
Market cap
$563.59M #64
Circulating supply
170.06M / 281.53M
All-time high
$7.142
24h volume
$136.34M
Rating
3.7 / 5


About Pendle
PENDLE is a revolutionary cryptocurrency that enables users to unlock and trade future yield from various assets in decentralized finance (DeFi). By utilizing Pendle’s unique yield tokenization system, investors can split assets into Principal Tokens (PTs) for fixed yield and Yield Tokens (YTs) for variable yield, providing unparalleled flexibility and composability. PENDLE supports diverse use cases, including passive income strategies, yield farming, and risk management, making it a cornerstone for stablecoin, liquid staking, and funding rate derivatives. Trusted by top DeFi protocols and integrated across leading ecosystems, PENDLE empowers users to maximize capital efficiency while participating in the growing decentralized yield market.
AI insights
Pendle’s price performance
Past year
-21.97%
$4.26
3 months
-25.61%
$4.46
30 days
-31.23%
$4.83
7 days
-25.12%
$4.44
Pendle on socials

Damn, I already explained how to do @Theo_Network's Yapping and how to receive airdrops.
Why are you getting so many views? I told you to buy Pendle directly and explained everything about profit and loss ranges.
Until now, no one has properly explained it.
I did, right? If you want, I can explain Pendle too, but isn't this too much for everyone?
I'm not just disappointed; I'm really hurt...
Is this the life of a loser....
Are all the airdrops just taken by big companies?

Lofilee MOM Ⓜ️Ⓜ️T
Hehe, lol @pendle_fi I saw the YT thBILL purchase guide you posted, the timing is really perfect, right? It's just right for stacking points on Theo.
Recently, during the Edward Park AMA, when the RWA conviction was mentioned, I felt the potential for Theo to grow into a differentiated US Treasury Fund.
To put it simply, Theo is a DeFi project that provides stable returns through RWA, and as CIO Iggy emphasized during the AMA, it offers a unique conviction amidst the roughness of web3 – connecting with real assets like a Short Duration US Treasury Fund while stacking points!
With the YT thBILL/USDC purchase, you can efficiently increase your investment with a small amount of money, and even if the market shakes, this is attractive!
Let me briefly analyze the guide.
Access Pendle: Go to the YT thBILL link on pendle finance – since Theo emphasizes the future direction of RWA like in the AMA, think of it as staking USDC and make your purchase!
More calculations: If there's a green line below the blue dotted line, there's no loss – considering the value of points, I recommend long-term holding like the AMA conviction.
Purchase tip: Due to high slippage, buy a little at a time – with about $2000, you can check the weekly settlement points on the Theo site and upgrade through referrals!
Why now? Hearing about Theo's differentiation (RWA conviction, future direction) in the AMA, purchasing YT seems to be the optimal play for aiming for airdrops – I think it will be a big hit if you look at the maturity on November 25.
Overall potential: Stability based on TVL, web3 RWA innovation – hehe, it's really an exciting combination after a long time!
You shouldn't miss such opportunities when the market is unstable! Let's all go to Pendle and buy YT! If you don't, you'll regret later saying, "Oh, why didn't I use it back then..." So let's run together now and stack Theo points! @Theo_Network fighting!!!!!


Yield Infographic Series: #13
Yield: 21%-29% APY
Protocols Highlighted:
@ethena_labs
@0xfluid
@Balancer
@GearboxProtocol
@Terminal_fi
@pendle_fi
@TermMaxFi
Brief Introduction:
• @ethena_labs - a synthetic-dollar protocol that issues USDe and sUSDe, its staked yield-bearing version that earns from delta-neutral strategies.
• @0xfluid - a DeFi protocol that unifies lending, borrowing, and DEX functionality through a single liquidity layer to maximize capital efficiency.
• @Balancer - a DEX and AMM that enables customizable multi-token pools, letting users provide liquidity and earn swap fees and rewards.
• @GearboxProtocol - a DeFi credit protocol that provides leveraged yield opportunities through Credit Accounts, allowing users to borrow funds and deploy into integrated protocols for more yield.
• @Terminal_fi - an Ethena-powered liquidity hub designed for trading institutional assets and yield-bearing stablecoins.
• @pendle_fi - a yield trading protocol that tokenizes yield-bearing assets into Principal and Yield tokens, enabling users to lock in fixed yields or speculate on future yield changes.
• @TermMaxFi - a fixed-rate DeFi protocol that lets users borrow and lend at predictable rates over set maturities, combining lending with leverage and managed vault strategies for optimized yield.


Theo Pendle YT vs Morpho Leverage
[Conclusion]
For short-term points, YT is more efficient,
but for points per dollar, Morpho leverage is better.
[Pendle thBILL YT]
thBILL YT gives 2394 Theo Points until the Nov 27th maturity date for $1.
However, the principal becomes $0 at maturity, with approximately $0.18 in yield accrued by then.
Thus, acquiring 2394 Points for $0.82 loss
an efficiency of roughly 2919 Points / $
[Morpho Leverage]
For Morpho leverage, spinning 10 rounds at LTV 94% with $1 provides roughly 8.2x leverage.
Considering the current borrow yield of 7.05%, you'll pay about 2.7% of the principal = $0.027 in interest by Nov 27th.
And you can earn a total of 344 Theo Points.
In other words, earning 344 points for $0.027
loss, an efficiency of approximately 12,740 Points / $
[Profit Comparison]
‘Assuming Theo Airdrop value at 14% APR’
= FDV $331M / 5% Airdrop basis
YT purchase: 82.1% loss, 87.3% profit
= Total expected ROI 5.2%
Morpho leverage: 2.7% loss, 12.5% profit
= Total expected ROI 9.8%
However, if FDV and airdrop percentage increase here, Pendle becomes significantly more advantageous.
For example, with FDV $660M / 10% airdrop,
the average APR could be set at 56%,
then
Pendle YT would yield ROI 267%
Morpho leverage would yield ROI 40%.
This... I should at least go grab some YT while I can.
However, if TVL increases or TGE extends, the yield naturally decreases.
#NFA #DYOR
@Theo_Network


Paguinfo Ⓜ️Ⓜ️T
Theo FDV Projection
Theo is currently an RWA protocol using U.S. Treasury Bills (T-Bills) as its revenue source.
While it plans to handle various RWA assets beyond government bonds, we've projected its FDV based on T-Bills for comparison with other projects at this stage.
[Comparison Based on Investment Funds]
The T-Bill RWA projects include Ondo, Usual, and the recently listed OpenEden.
Expectations for the RWA sector are high.
While Ondo had a high FDV at its TGE,
it has continued to rise, currently reaching $8B. Consequently, Usual and OpenEden also formed very high initial FDVs.
Therefore, the average FDV at TGE for these three projects is calculated as $2.5B.
Even excluding OpenEden due to recent frenzy, it still calculates to $1B.
[Comparison by TVL]
By TVL, it feels a bit more subdued.
Based on TGE, it calculates to approximately $330M.
Theo's Variation
Theo's current TVL is $117M.
Theo's full-scale staking began this August after converting to T-Bills. Since it uses a points-per-dollar system rather than an epoch-based one,
points inflation is also expected to be low.
From this perspective, even if only 5% of $330M is airdropped,
it amounts to $16.5M, yielding roughly a 14% ROI.
The APR will likely vary depending on deposit duration and strategy (Yield Farming, Lending leverage).
Even considering just the 14% APR, it shows quite decent YF/Leverage efficiency alongside the base rate.
I'll cover this in more detail in a future post.

Guides
Find out how to buy Pendle
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Pendle’s prices
How much will Pendle be worth over the next few years? Check out the community's thoughts and make your predictions.
View Pendle’s price history
Track your Pendle’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.

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Pendle FAQ
Currently, one Pendle is worth $3.321. For answers and insight into Pendle's price action, you're in the right place. Explore the latest Pendle charts and trade responsibly with OKX.
Cryptocurrencies, such as Pendle, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Pendle have been created as well.
Check out our Pendle price prediction page to forecast future prices and determine your price targets.
Dive deeper into Pendle
Pendle is a yield-trading protocol that allows users to earn fixed or flexible yields.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$563.59M #64
Circulating supply
170.06M / 281.53M
All-time high
$7.142
24h volume
$136.34M
Rating
3.7 / 5

