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Pendle (PENDLE) Joins Binance's Innovation Zone

Pendle, a yield-trading protocol, allows users to separate yield-bearing assets into principal and yield components. Learn more about Pendle's listing, its unique features, and how you can benefit from it.

Author

0xgus
July 25, 2023

Binance, a global leader in cryptocurrency exchange services, has announced the addition of Pendle (PENDLE) to its Innovation Zone. Here are the key details:

  • Trading for PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD spot trading pairs will begin on July 3, 2023, at 10:00 UTC.

  • Users can start depositing PENDLE in preparation for trading.

  • Withdrawals for PENDLE will be available from July 4, 2023, at 10:00 UTC.

  • PENDLE will be added as a new borrowable asset with a new margin pair on Isolated Margin within 48 hours from July 3, 2023, at 10:00 UTC.

  • The new Isolated Margin Pair will be PENDLE/USDT.

Pendle is an innovative yield-trading protocol that separates yield-bearing assets into their principal and yield components. PENDLE, the protocol's utility token, is used for liquidity incentives, governance, and fee value accrual.

Binance's Innovation Zone is a dedicated trading area for new, innovative tokens. These tokens often have higher volatility and pose a higher risk than other tokens. As PENDLE is a relatively new token, it may experience high price volatility.

For more information, check out Binance's announcement and Pendle's website.

Pendle: Liberating Yield

Pendle is revolutionizing yield trading by allowing users to buy assets at a discount or gain leveraged yield exposure without the risk of liquidation. The protocol is compatible with multiple chains, including Ethereum, Arbitrum, and BNB Chain.

Pendle offers fixed yields on various assets:

  • stETH with a 5.78% fixed yield

  • USDT with a 3.40% fixed yield

  • sfrxETH with a 6.55% fixed yield

Users can start earning now by launching the app on their preferred chain.

Pendle's protocol has been audited by several trusted firms, including Ackee Blockchain, Dedaub, Dingbats, cmichel, WatchPug, and lleastwood, ensuring its security and reliability.

For more information, visit Pendle's website.

#DYOR

The addition of Pendle on Binance and the unique yield-trading opportunities it offers highlight the ongoing innovation in the DeFi sector.

As always, users are advised to exercise sufficient risk management and conduct thorough research before trading new tokens.

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