Pendle shows meaningful usage and moderate valuation transparency, but security and structural risk remain under-evidenced.
Not rated. Not rated: no numeric rating is currently published for this asset.
| Status | Rated rank | Price | Market cap |
|---|---|---|---|
| Not rated | Not included in rated rankings | $2.23 | $387.3M |
Data as of Oct 7, 2026 — scores are re-evaluated daily and this snapshot refreshes on each site publish. The live app always shows current data.
Pendle is a decentralized finance (DeFi) protocol designed to tokenize and trade future yield. Its stated purpose is to give users greater control over future yield by creating optionality around how that yield may be used. The protocol includes an automated market maker (AMM) built to support assets with time decay, distinguishing its approach from AMMs intended for assets without that characteristic. Within the categories associated with the project, Pendle is connected with decentralized exchanges (DEXs), exchange-based tokens, yield farming, derivatives, and ecosystems including BNB Chain and Arbitrum. In this context, its core concept combines yield tokenization with market-based trading and time-sensitive asset design. Pendle’s description centers on making future yield a distinct, tradable component that can be managed through a specialized AMM.
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Pendle remains tracked and discoverable while no numeric rating is currently published. Grade thresholds and hard exclusion gates apply to published ratings.
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