
Pendle is the largest yield trading protocol and makes future yields tradable, similar to zero-coupon bonds in traditional finance. PENDLE is the governance token, and holders who stake via sPENDLE (liquid staking) receive a share of protocol fees as well as voting power over pool emissions.
Founders, investors, token distribution, lockups and unlocks at a glance, with sources and dates.
Who bought when at what price, and how much is still coming to the market.
The most important risks with evidence, plus how overheated Pendle is compared with its own history.
What speaks against the project and what to watch out for.
Tokenomics, team, risks and utility – six pillars, one grade. From the COMPASS plan.
See plansPendle is the largest yield trading protocol and makes future yields tradable, similar to zero-coupon bonds in traditional finance. PENDLE is the governance token, and holders who stake via sPENDLE (liquid staking) receive a share of protocol fees as well as voting power over pool emissions.
With an overall grade of 2.4 (61 out of 100) across six pillars: tokenomics, team, utility, security, execution and relevance. Grades range from 1.0 (very strong) to 5.0 (very weak). The reasoning for each pillar is inside CryptoCompass.
The all-time high of PENDLE is $7.50 (11 Apr 2024). On 22 Oct 2026, PENDLE trades at $2.15, which is 71% below it.
No. We rate the structure of the project, not the price. A good grade says nothing about whether the price is currently cheap. Not investment advice.
We rate the structure of the project, not the price. Not investment advice. Crypto is highly risky and a total loss is possible. Price data: CoinGecko, as of 22 Oct 2026.