Binance, the world-renowned cryptocurrency exchange, has recently announced the addition of Pendle (PENDLE) to its Launchpool.
Binance Launchpool Welcomes Pendle (PENDLE)
Pendle is a yield-trading protocol that allows users to separate yield-bearing assets into principal and yield components, providing both fixed and flexible yields. This innovative protocol has caught the attention of Binance, leading to its inclusion in the Launchpool.
Staking Opportunities with Pendle
Users can stake their BNB and TUSD in separate pools to farm PENDLE tokens over a 25-day period. This staking opportunity offers a new way for users to earn rewards and participate in the DeFi space. It’s important to note that there’s no upper limit for staking, but KYC is required.
Pendle’s Spot in the Innovation Zone
In addition to the Launchpool, Binance has also listed Pendle in its Innovation Zone. This zone is dedicated to high-potential, innovative projects, and Pendle’s inclusion is a testament to its potential. Trading pairs PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD are now open for trading.
Pendle’s Addition to Binance Convert
Binance has also added Pendle to its Convert feature. This allows users to trade PENDLE against BTC, USDT, and any other tokens supported by Binance Convert at zero fees. This addition provides more flexibility for users interested in trading PENDLE.
About Pendle and Its Future
Pendle’s innovative approach to yield trading has made it a noteworthy addition to Binance’s offerings. By separating yield-bearing assets into their principal and yield components, Pendle provides users with unique opportunities to earn yields. As the protocol continues to develop and gain recognition, it’s likely that we’ll see more exciting developments from Pendle in the future.
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