After the newscrypto announcement of a massive 110% Pendle rally on August 23, it has largely been sedating. In August alone, the PENDLE managed to climb up to US $1.02. The crypto saw a price correction later which largely hovered under US $1 mark.
Having said that, it also managed to register steady gains on a day-to-day basis to keep many investors interested in the token. It is a fast rising coin in the cryptocurrency market today.
On this article, we will review Pendle token by listing the pros and cons.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
What is Pendle?
Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
Pendle is ranked #604 on the cryptocurrency market. Pendle exists on top of major first-degree protocols. They currently support Aave and Compound, with more platforms to be integrated much later in future.
There are 39,191,256.25 PENDLE in supply.
Pros and Cons of Pendle
Pros of Pendle
- They are fully decentralized
- The have a github profile
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Listed and supported by coinbase
Cons of Pendle
- The coin is still under research and developments
- They don’t have trading view tracking
- No bitcointalk thread
- Little or no presence on reddit
- Multiple issues with its synchronizations between ledgers
- The organization has no public details of the members. You must become a member to see who’s a part of the team.
Is Pendle Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of investors have been trading in fear.
According to research and reviews, Pendle is not a scam coin. It has been listed on top cryptocurrency wallets.
How transparent are the Pendle transactions?
All transactions on Pendle are handled by smart contracts which are verifiable. This means there is transparency and honesty between Pendle and you (the user).
How flexible is Pendle?
Pendle has made it very easy for users to own their capital. On Pendle, you can deposit or withdraw any time you want, without having to wait for contract maturation.
How do I buy Pendle?
Since Pendle is being listed and supported by Coinbase, you can easily create an account there and also buy and store the token in your Pendle wallet on coinbase.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Pendle on the comment section below. Don’t forget to rate and leave a review.