Pendle
Liberating Yield
Founded 2021 · $3.7M raised
- Employees
- 11–50
- Founded
- 2021
- Business Model
- B2C
- Website
- pendle.finance
- Total Funding
- $3.7M
- Last Round
- $3.7M Venture RoundApr 2021
- Rounds
- 1
About
Pendle Finance is the world's largest crypto yield trading platform, founded in 2021 by TN Lee and team. Inspired by TradFi's $400 trillion rate derivatives market, Pendle enables users to tokenize future yield from crypto assets and trade those yields on decentralized markets. The protocol allows users to earn fixed yield, long yield with leverage, or hedge yield exposure without lockups or liquidation risk. Operating across 11 blockchain networks, Pendle has reached a peak total value locked of over $13 billion and has settled more than $60 billion in fixed yield. The platform offers two core products: V2 Spot for standard yield trading and Boros Margin for leveraged off-chain rate exposure.
Summary
Pendle is a Crypto & Web3 company, founded in 2021. It has raised $3.7M in total across 1 round, most recently a $3.7M Venture Round round in Apr 2021. Investors include Mechanism Capital, Electric Capital and Crypto.com.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Apr 2021
Investors
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