The Defiant - DeFi Podcast cover image

The Defiant - DeFi Podcast

Pendle Finance Deep Dive With Founder TN Lee

Apr 1, 2024
Founder TN Lee discusses Pendle Finance, a DeFi platform for future yield trading. They cover Pendle's growth, core concepts, use cases, risks, and future plans. Explore lessons from Kyber, differences with TradFi, and what's next for Pendle.
01:02:06

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Podcast summary created with Snipd AI

Quick takeaways

  • Pendle Finance enables tokenizing future yields on Ethereum assets, showing exponential growth from $250M to $3B in a short span.
  • Founder TN Lee highlights Pendle's revenue streams, upcoming V3 development for capital efficiency, and collaborations for growth.

Deep dives

Understanding DeFi Protocol Fendel and Its Trading Mechanisms

Fendel is a DeFi protocol that allows traders to trade the earnings of an asset through principal tokens (PT) and yield tokens (YT). PT represents the principal component while YT accrues all the yield and associated points. As users trad...

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