What is Pendle? Can the target reach $10?

What is Pendle?

Pendle is a tokenized yield protocol that gives investors access to the future return of an asset. Unlike other tokenized yield protocols, Pendle is unique with its automatic market maker (AMM) feature and other yield components that decay over time. This DeFi protocol is built on the Ethereum blockchain.

Pendle (PENDLE) Token Economy

Pendle's native token is PENDLE. This is an ERC-20 utility token limited to 231,725,335 tokens in total. The circulating supply is 198 million tokens. PENDLE is used to manage governance and support the value accumulation mechanism in completing the protocol. PENDLE is a hybrid inflation token with a 2% perpetual inflation rate.

My estimated destination

It received an investment of $3.7 million from Bitscale Capital, Cryptocom Capital, Fisher8 Capital, Strategic Round Capital and other investors. I was one of the 20 winners of the YouTube event held by Crypto.com, and there were already 40 people on the broadcast. It is a gold coin that I have been holding since 2021. I predict that its price will easily exceed $10 during the bull season.