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What is Pendle?
Pendle is the first protocol that enables the trading of tokenized future yield on an AMM system. We aim to give holders of yield-generating assets the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for an underlying collateral.
Pendle exists on top of first-degree protocols. We currently support Aave and Compound, with more platforms to be integrated in future.
There are three components that make up Pendle’s system:
Yield tokenization
Pendle’s Automated Market Maker (AMM)
Governance
We're pleased to welcome Pendle, a permissionless yield-trading protocol where users can execute various yield-management strategies.
To learn more about Pendle and prepare for the quiz below, you can read this research paper as well as this Introduction to Pendle.
In line with this, we are giving away $10,000 worth of $PENDLE to the Binance community!
Here’s what you need to do:
🔸 Retweet this tweet
🔸 Follow @Binance & @pendle_fi
🔸 Log in to Binance and complete the quiz below
🔸 Stake BNB or TUSD in the PENDLE Launchpool
🔸 100 eligible winners will receive $100 worth of PENDLE each!
Terms and Conditions:
Competition period: 2023-07-05 13:00 UTC to 2023-07-16 23:59 (UTC).
Winners will be chosen according to the Giveaway Rules. Binance will not announce winners on social media.
An eligible winner is someone that has completed all of the above mechanics and has correctly answered the 2 questions in the Binance Survey.
Rewards will be distributed directly to the winners' Binance account within 1 month after the activity ends.
Binance reserves the right to disqualify users if required.
The total prize pool will be $10,000 in $PENDLE and will be given to eligible participants.
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