What does Pendle Coin do?

Complementing OTs are Future Yield Tokens (YTs), which encapsulate the promise of future yields. By owning YTs, users effectively acquire the right to receive a portion of the yield generated by the underlying asset at a predetermined point in time.

Pendle, abbreviated as PENDLE, represents a pioneering endeavor in the realm of decentralized finance (DeFi). This innovative protocol empowers users to engage in a unique form of trading and management, specifically targeting future yields derived from diverse assets.

This dual-token system fosters a dynamic trading environment where investors can speculate on the future performance of assets without needing to physically own them. It also encourages efficient allocation of capital as users can choose to hold, sell, or trade either OTs, YTs, or both based on their investment strategies.

Among the leading platforms facilitating access to such advanced DeFi capabilities is BTCC, a renowned cryptocurrency exchange. BTCC offers a comprehensive suite of services, including spot trading, futures trading, and secure wallet solutions, catering to the diverse needs of its global user base.

At the core of Pendle's functionality lies the ingenious concept of yield tokenization. This process involves dissecting yield-generating tokens into two distinct yet interconnected components: Ownership Tokens (OTs) and Future Yield Tokens (YTs).