Pendle Price (PENDLE)

Pendle splits a yield-bearing position into a principal token, or PT, and a yield token, or YT. The PT gives its holder a claim to the specified principal at maturity. The YT gives its holder the yield produced up to that date.

A PT can trade at a discount before maturity. The implied return depends on the purchase price and what the PT is redeemable for. A YT holder’s result depends on the yield actually earned before the position expires.

PENDLE is the protocol’s token and can be staked through sPENDLE. The market price on this page follows PENDLE. When comparing PT or YT positions, look up the underlying asset, the maturity date, and the redemption rules for that market.