PENDLE is the ecosystem token of Pendle, a protocol for trading yield separately from principal. It is not one of Pendle's Principal Tokens (PT) or Yield Tokens (YT). Current documentation describes sPENDLE as the staked governance and reward version, replacing the winding-down vePENDLE system.
defi Pendle
Pendle
(PENDLE)
PENDLE is the ecosystem token of Pendle, a protocol for trading yield separately from principal. It is not one of Pendle's Principal Tokens (PT) or Yield Tokens (YT). Current documentation describes sPENDLE as the staked governance and reward version, replacing the winding-down vePENDLE system.
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What is Pendle?
Answer sources checked
20 answers source-reviewed with Codex assistance. Reviewed . This review covers the answers, not exchange listings or the rest of the page.
How does Pendle work?
Pendle wraps yield-bearing assets and separates them into PT, representing principal, and YT, representing yield until expiry. PENDLE plays a different role through incentives and sPENDLE governance. Buying PENDLE alone does not create a matured principal claim or give ownership of every asset traded on Pendle.
Who created Pendle?
Pendle's documentation describes a protocol built and maintained by its team and contributors. The current terms identify Univerum Innovations Inc. as the operator of the interface; that is not proof of who originally founded the protocol. The reviewed primary sources do not establish a complete verified individual founder list.
What is Pendle used for?
PENDLE can be staked into sPENDLE for governance participation and conditional protocol reward distributions. Separately, Pendle markets let users trade principal and future yield on supported assets. Holding ordinary PENDLE is not the same as holding a PT position, and rewards require the applicable participation conditions.
Where can you buy Pendle?
Check a platform's official PENDLE market and withdrawal pages for your account and jurisdiction before buying. No current exchange listing is established here. A Pendle yield market may offer PT or YT rather than PENDLE itself; verify the token contract, network, available liquidity, and whether withdrawals are supported.
Pendle exchange reference guides
Before you buy| Exchange | Observed pairs | Catalogue status | Checked (UTC) | Checklist |
|---|---|---|---|---|
| Coinbase | PENDLE-USDCoinbase Exchange public spot catalogue, not Coinbase Advanced or retail account eligibility | Reported open | Check route | |
| Binance | PENDLEBTC, PENDLEFDUSD, PENDLETRY + moreBinance.com global public spot catalogue; not Binance.US or regional/account access | Reported open | Check route | |
| Kraken | PENDLEEUR, PENDLEUSDKraken international public currency spot pairs plus Support full names and public canonical-to-altname metadata; not regional, retail, funding or account eligibility. | Reported open | Check route | |
| OKX | PENDLE-EUR, PENDLE-USDC, PENDLE-USDTOKX public SPOT instruments joined to the first thirty-eight global ALL market pages plus three existing category pages. Only explicit SPOT rows with matching API trade ID and base symbol supply names; stocks, swaps and unknown products are excluded. Bounded identity coverage, not regional/account, funding, contract or withdrawal eligibility. | Reported open | Check route | |
| Bybit | PENDLEUSDTBybit global public crypto SPOT instruments with empty symbolType only, joined to the provider-declared CoinGecko ID mapping and exact symbol/full name on its English price page. Price-page coverage is bounded; unmatched identities stay unknown. Not regional, account, funding, contract or withdrawal eligibility. | Reported open | Check route | |
| KuCoin | PENDLE-USDTKuCoin global public spot symbols and asset names, not account or withdrawal eligibility | Reported open | Check route | |
| Gate.io | PENDLE_USDC, PENDLE_USDTGate global normal spot currency-pair catalogue and embedded full names from api.gateio.ws; premarket excluded; not Gate.US/EU/Dubai, account, region or funding eligibility | Reported open | Check route | |
| MEXC | PENDLEUSDC, PENDLEUSDTMEXC public spot exchange information; API permission is separate from catalogue membership and account access | Reported open | Check route | |
| Phemex | sPENDLEUSDTPhemex public product and currency-name catalogue; only explicitly spot-typed products considered | Reported open | Check route | |
| Bitget | PENDLEUSDTBitget classic public spot catalogue joined to literal names/symbols from the first ten English price-table pages, each bound to its canonical and successful page-specific hydration query. Bounded name coverage, not all price pages or regional/account, contract, funding or withdrawal eligibility. Price presence alone is not a listing. | Reported open | Check route | |
| HTX | pendleusdtHTX global public spot symbols plus complete currency full-name settings; explicitly tagged ETPs excluded; API status is not regional/account, retail, contract/network or funding eligibility | Reported open | Check route | |
| Poloniex | PENDLE_USDTPoloniex public spot markets and currency metadata, not account or withdrawal support | Reported open | Check route | |
| BingX | PENDLE-USDTBingX public spot symbol catalogue joined to exact full names/tickers from forty page-bound English price JSON-LD lists. First page has an explicit root collection URL; later pages require their own collection URL. Bounded name coverage; price presence alone is not a listing. Not derivatives, account, region, contract, funding or withdrawal eligibility. | Reported open | Check route | |
| Upbit | BTC-PENDLE, KRW-PENDLEUpbit Korea public spot market list; not Singapore, Indonesia, Thailand or account eligibility | Listed; execution unknown | Check route | |
| LBank | pendle_usdtLBank public spot accuracy catalogue joined to literal names/symbols on the first ten English price tables. Query pages share the root canonical but must bind the exact current-page number and link. Bounded identity coverage; execution status remains unknown. Not account, regional, funding, contract or withdrawal eligibility. | Listed; execution unknown | Check route |
How to buy Pendle
Plan your purchaseHow much Pendle?
How can you buy Pendle safely?
Verify the official PENDLE contract and selected network before approving a purchase, and distinguish PENDLE from sPENDLE and dated PT/YT tokens. Review approval permissions, slippage, and the final amount received. An official-looking yield website or advertised return does not remove smart-contract or wallet-signing risk.
Can you buy a fraction of Pendle?
Yes, PENDLE can be held and transferred in fractional token amounts through its token contract. A trading venue may impose its own order minimum or rounding rules. Buying a fraction of PENDLE does not buy a fraction of every Pendle yield market or automatically enroll you in sPENDLE rewards.
How much does it cost to buy Pendle?
Your PENDLE purchase cost combines the live execution price with spread, trading fees, and any withdrawal or network charges. On Ethereum, an on-chain token purchase or approval needs ETH for gas unless a service explicitly sponsors it. Entering sPENDLE or a PT/YT market is a separate transaction with separate conditions.
How much is one Pendle worth?
Use this site's timestamped dynamic reference panel for the latest available PENDLE price, checking its currency and update time. That reference is not a guaranteed executable quote. PENDLE, sPENDLE, and the many dated PT/YT instruments are different assets, so compare the exact instrument before interpreting a displayed price.
Is Pendle a good investment?
PENDLE has market, smart-contract, governance and liquidity risk, and sPENDLE introduces withdrawal and participation conditions. Pendle's yield products depend on their underlying assets and protocols: negative yield can reduce a PT redemption, so a quoted fixed yield does not guarantee principal protection. No purchase amount is universally safe. This is not financial advice.
Compare two order previews
Use PENDLE credited after buying fees and spread. Extra USD charges must exclude fees already included in the total. Enter 0 only when confirmed.
Which quote delivers more PENDLE?
Enter your order-preview numbers or use the labeled example. Unknown charges are never treated as zero.
Pendle wallets & storage
How do you get a Pendle wallet?
For Ethereum PENDLE, set up a wallet supporting Ethereum tokens and add only the verified contract. Back up its recovery material privately and retain ETH for transactions. Receiving ordinary PENDLE does not automatically create sPENDLE, and a wallet displaying PT or YT has not necessarily received the ecosystem token.
How can you store Pendle securely?
Keep PENDLE recovery material offline and never disclose it to a supposed staking or migration support agent. A hardware wallet can reduce key exposure but cannot prevent a malicious approval you authorize. Tokens deposited into sPENDLE or other contracts also carry contract and exit risk beyond simply securing a wallet.
Sending & cashing out Pendle
Match your networks
For PENDLE, copy the exact network names shown in your apps. This compares your entries, not a verified list of supported networks.
Enter both network names
Copy the exact network name shown for this asset in each app. No supported-network catalogue is assumed here.
How do you send Pendle to another wallet?
Send PENDLE only after the recipient confirms the same supported network and token contract. For an Ethereum transfer, review the address and amount, keep ETH for gas, and consider a small test. Do not send sPENDLE, PT, or YT to an address expecting plain PENDLE without explicit support.
How long does a Pendle transfer take?
PENDLE transfer time depends on the selected chain's transaction inclusion and the recipient service's confirmation policy. An Ethereum transaction hash lets you check whether it is pending, successful, or reverted. Unstaking sPENDLE has its own withdrawal process, which should not be confused with the time for an ordinary token transfer.
How much does it cost to send Pendle?
An Ethereum PENDLE transfer pays gas in ETH, not automatically in PENDLE. Gas varies with network conditions and the contract operation; approvals, swaps, and staking can cost differently from a simple transfer. sPENDLE's fee-bearing fast exit is a separate protocol charge, so inspect the current interface rather than assuming transfers are free.
Can you cash out Pendle for real money?
To cash out PENDLE, first verify a service's official support for your exact token and network, then review its sell and fiat-withdrawal options. A PT/YT position or sPENDLE balance may require a separate exit into a supported asset. Allow for liquidity, protocol exit rules, service restrictions, and applicable reporting obligations.
Is Pendle traceable?
PENDLE transfers and contract interactions on Ethereum are recorded publicly with addresses and amounts. Pendle staking or yield trading does not make that activity anonymous. Wallet addresses can be connected to people through exchange records, published addresses, or other activity, even though a name is not required in the token transfer itself.
Supply, mining & staking
What is the maximum supply of Pendle?
PENDLE does not have a documented permanently fixed supply ceiling under its published emissions policy. The tokenomics page describes a transition to terminal annual inflation after April 2026 and allows governance to propose changes. Its circulating-supply definition excludes several staked or ecosystem balances, so circulating and total supply are not interchangeable.
Source 1
Can you mine Pendle?
No, PENDLE is not obtained through its own proof-of-work mining network. Its published issuance mechanism uses protocol incentives and emissions, while transactions rely on the underlying chain. Providing liquidity or earning a reward on Pendle may be called farming, but that is not Bitcoin-style mining of PENDLE.
Can you stake Pendle?
Yes, Pendle documents staking PENDLE for sPENDLE at a 1:1 token ratio, with separate rewards subject to participation rules. It is protocol staking, not validation of an independent PENDLE blockchain. Current docs replace new vePENDLE locking with sPENDLE and describe a withdrawal period or fee-bearing fast exit; check those conditions before depositing.