Which chain is the PENDLE coin on?

The PENDLE token operates on a multichain architecture, with availability on Ethereum, Polygon, Optimism, Arbitrum, and Gnosis Chain.

Dec 06, 2024 at 11:05 pm

Which Chain is the PENDLE Coin On?

PENDLE is a decentralized, non-custodial margin trading protocol that enables users to lend and borrow crypto assets peer-to-peer. The protocol is powered by the PENDLE token, which is used for governance and to incentivize node operators.

The PENDLE coin is currently available on the following chains:

• Ethereum
• Polygon
• Optimism
• Arbitrum
• Gnosis Chain

Ethereum

Ethereum is the second-largest blockchain by market capitalization and has the most active ecosystem of decentralized applications. It is the most popular chain for PENDLE users, as it provides the best liquidity and features the most mature ecosystem of decentralized applications.

To use PENDLE on Ethereum, you will need to:

1. Install a Web3 wallet, such as MetaMask
2. Create a PENDLE account
3. Deposit ETH or other ERC-20 tokens into your account
4. Start trading!

Polygon

Polygon is a layer-2 scaling solution for Ethereum that provides faster and cheaper transactions. It is a popular choice for PENDLE users who want to avoid the high gas fees on Ethereum.

To use PENDLE on Polygon, you will need to:

1. Install a Polygon-compatible Web3 wallet, such as MetaMask
2. Create a PENDLE account
3. Deposit MATIC or other ERC-20 tokens into your account
4. Start trading!

Optimism

Optimism is a layer-2 scaling solution for Ethereum that provides fast and cheap transactions with low latency. It is a popular choice for PENDLE users who want to trade with low fees and fast execution times.

To use PENDLE on Optimism, you will need to:

1. Install an Optimism-compatible Web3 wallet, such as MetaMask
2. Create a PENDLE account
3. Deposit ETH or other ERC-20 tokens into your account
4. Start trading!

Arbitrum

Arbitrum is a layer-2 scaling solution for Ethereum that provides fast and cheap transactions with strong security guarantees. It is a popular choice for PENDLE users who want to trade with low fees and high security.

To use PENDLE on Arbitrum, you will need to:

1. Install an Arbitrum-compatible Web3 wallet, such as MetaMask
2. Create a PENDLE account
3. Deposit ETH or other ERC-20 tokens into your account
4. Start trading!

Gnosis Chain

Gnosis Chain is a blockchain that is specifically designed for decentralized finance applications. It is a popular choice for PENDLE users who want to trade with high security and regulatory compliance.

To use PENDLE on Gnosis Chain, you will need to:

1. Install a Gnosis Chain-compatible Web3 wallet, such as Gnosis Safe
2. Create a PENDLE account
3. Deposit GNO or other ERC-20 tokens into your account
4. Start trading!