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  1. Home
  2. /Glossary
  3. /Pendle
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defi

Pendle

A DeFi protocol that lets you trade future yield.

Definition

A DeFi protocol that lets you trade future yield. It splits yield-bearing tokens into principal and yield components, so you can lock in fixed rates or speculate on variable rates. Pendle got popular during the points meta because you could boost airdrop points through its yield trading.

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Related Terms

Yield Farming

Strategically moving capital between DeFi protocols to maximize returns.

DeFi (Decentralized Finance)

Financial services built on blockchain without traditional intermediaries.

Points Meta

A trend where protocols reward users with points instead of tokens, with the implied promise that points will convert to tokens in a future airdrop.

1inch

A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.

Aave

One of the biggest lending and borrowing protocols in DeFi.

Across Protocol

A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.

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