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Pendle Protocol is a decentralized finance (DeFi) platform, launched in July 2021 by lead developers Josh and Tong. Pendle’s core focus is the tokenization and trading of yield from yield-bearing assets. Its native cryptocurrency is called PENDLE, an ERC-20 token that is compatible with the Ethereum ecosystem.
To participate in the platform, you must lock up your PENDLE token(s) for a period of up to 24 months. You will then receive vePENDLE, aka vote-escrowed PENDLE. Pendle Protocol offers incentives for holding vePENDLE, such as: increased yield with up to 250% rewards; a share of protocol fees and revenue; voting power—the longer your lock period the more power you have.The main use case for PENDLE token are participating in governance, earning rewards, and paying platform fees. Holders of PENDLE are predominantly active DeFi traders and community-driven crypto enthusiasts.| Today (November 28, 2025) | $2.73 | +0.46% |
|---|---|---|
| 24 hours ago (November 27, 2025) | $2.72 | +0.46% |
| 1 week ago (November 21, 2025) | $2.31 | +18.30% |
| 1 month ago (October 29, 2025) | $3.25 | -15.94% |
| 1 year ago (November 28, 2024) | $5.54 | -50.71% |
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