$PENDLE, is the governance token that powers Pendle Finance, a groundbreaking, permissionless yield-trading protocol. This dashboard is designed to provide you with a detailed view of $PENDLE's tokenomics and decentralized exchange (DEX) trading metrics, giving you the insights you need to make informed decisions.

Pendle is a unique project that allows users to execute a variety of yield-management strategies. It achieves this through a three-part process: Yield Tokenization, Pendle's Automated Market Maker (AMM), and vePENDLE.

Yield Tokenization: This is the process where Pendle wraps yield-bearing tokens into Standardized Yield Tokens (SY). These SY tokens are then split into Principal Tokens (PT) and Yield Tokens (YT), effectively tokenizing the yield into a separate entity.

Pendle AMM: This is the core engine of Pendle, facilitating the trading of both PT and YT. While understanding the intricacies of the AMM isn't necessary for trading PT and YT, it's a crucial component of the Pendle ecosystem.

vePENDLE: This is the yield derivative protocol of Pendle, aiming to bring the traditional finance interest derivative market, worth over $400T in notional value, into the DeFi space, making it accessible to all.

By creating a yield market in DeFi, Pendle unlocks the full potential of yield, enabling users to execute advanced yield strategies, such as fixed yield, long yield, earning more yield without additional risks, or a mix of any of these strategies.

This dashboard will provide you with real-time data on $PENDLE's tokenomics and DEX trading metrics, helping you to stay informed and make strategic decisions. For more information on how to execute these strategies, refer to our Yield-Trading Handbook.

Welcome to the future of yield management with Pendle.

Supply Breakdown: Our system utilizes the token transfers table in conjunction with the balances table to calculate the total supply, circulating supply, and locked supply of $PENDLE. Please be aware that the locked supply is subject to change in accordance with the vesting and release schedule of the team and ecosystem funds.

DEX Metrics: The metrics for the decentralized exchange are derived by querying data from the ez_dex_swaps table. The price of the $PENDLE token is computed using data sourced from the crosschain hourly prices table.