Pendle

Pendle Finance is a protocol that enables the trading of tokenized future yield on an AMM system.

## Overview Pendle Finance is a protocol built on an automated market maker (AMM) architecture that enables users to trade tokenized future yield. Rather than holding an yield-bearing asset and waiting for rewards to accrue, Pendle allows you to separate yield from principal, trade each component independently, and lock in returns or speculate on yield direction before maturity. This creates a market where future yield becomes a tradable asset class in its own right. The protocol addresses a structural gap in DeFi: yield accrual is typically locked to asset holding. If you own a token that gen