Separating an interest-bearing asset into its principal and yield components so each can be traded independently.
Separating an interest-bearing asset into its principal and yield components so each can be traded independently. Pendle Finance pioneered this in DeFi, letting you trade future yield as a token. You can lock in fixed rates or speculate on whether yields will rise or fall.
The income earned on an investment, expressed as a percentage.
Financial services built on blockchain without traditional intermediaries.
A digital asset created on an existing blockchain rather than its own chain.
A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.
One of the biggest lending and borrowing protocols in DeFi.
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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