LCX Exchange Will List the $PENDLE Token on October 15th, 2024 at 10 AM CET

We are happy to announce the listing of  $PENDLE Token. Starting on Tuesday, 15th October, 2024 at 10 AM CET. LCX Exchange will support the $PENDLE Token.

LCX Exchange will list Pendle Finance’s native token, $PENDLE, on Tuesday, October 15th, 2024 at 10 AM CET. Deposits will be enabled from the time of the announcement. The exchange will initially list the $PENDLE/EUR trading pair.

Pendle Finance is a decentralized finance (DeFi) platform that enables the trading of interest rate derivatives by isolating yield from yield-generating assets. It offers a novel on-chain solution similar to traditional finance instruments like zero-coupon bonds. This allows liquidity providers and yield farmers to manage risk, speculate on future returns, and refine their investment strategies more effectively.

Pendle utilizes a Standardized Yield token system to separate ownership of the asset and its future yield. This process creates two tokens: the Principal Token, representing the underlying asset, and the Yield Token, representing the future yield.

Pendle also features a unique Automated Market Maker (AMM) that adjusts for time-decay. Since Yield Tokens’ value changes over time, this AMM design helps mitigate potential losses from asset mispricing.

PENDLE is the native token within the Pendle Finance ecosystem, with two key roles: governance and incentives. Liquidity providers on the platform earn PENDLE tokens and a share of trading fees. Additionally, PENDLE can be staked to obtain vote-escrowed PENDLE (vePENDLE), allowing holders to participate in governance decisions and boost their rewards.

Users can sign up for an LCX Account here