Binance Launchpool has unveiled its 35th project—Pendle (PENDLE), a yield-trading protocol that splits yield-bearing assets into principal and yield components, enabling users to earn fixed or variable returns. The farming page will go live approximately 4 hours before the Launchpool launch.
Key Details of Pendle (PENDLE) Launchpool
- Token Name: Pendle (PENDLE)
- Total Token Supply: 251,061,124 PENDLE
- Launchpool Rewards: 5,021,222 PENDLE (2% of total supply)
- Circulating Supply: 140,192,253.58 PENDLE (56% of total supply)
- Supported Blockchains: Ethereum, Arbitrum
- Staking Requirements: No caps. KYC verification required.
Farming Pools and Allocation
- BNB Pool: 4,016,977.60 PENDLE (80% of rewards)
- TUSD Pool: 1,004,244.40 PENDLE (20% of rewards)
👉 Start staking now to maximize your rewards
Farming Schedule
- Start: July 4, 2023, 00:00 UTC
- End: July 28, 2023, 23:59 UTC
Daily Reward Distribution
| Date Range (UTC) | Daily Total Reward (PENDLE) | BNB Pool (PENDLE) | TUSD Pool (PENDLE) |
|---|---|---|---|
| July 4 – July 28, 2023 | 200,848.88 | 160,679.10 | 40,169.78 |
How It Works
- Hourly Snapshots: Balances are tracked hourly to calculate average holdings and rewards.
- Flexible Claims: Rewards accrue hourly and can be deposited to Spot wallets anytime.
- Dynamic APY: Pool APY and total balances update in real-time.
- Multi-Pool Staking: Users can split assets across pools (e.g., 50% BNB in Pool A, 50% in Pool B).
👉 Learn more about yield optimization strategies
Additional Benefits
- BNB Vault Compatibility: Staking BNB in Binance’s Vault auto-enrolls users in PENDLE farming.
- Standard BNB Perks: Participants retain benefits like airdrops, Launchpad eligibility, and VIP perks.
FAQs
1. Can I unstake my tokens early?
Yes! Unstake anytime to reallocate funds to other pools.
2. How are rewards calculated?
Rewards are based on hourly average balances and distributed proportionally.
3. Is there a minimum staking amount?
No, but higher stakes yield larger rewards.
4. Are rewards compounded automatically?
No, you must manually claim and restake rewards.
5. What happens to unclaimed rewards after farming ends?
They’re automatically transferred to your Spot wallet.
6. Does staking TUSD qualify for other Binance benefits?
Only BNB staking retains standard Binance benefits.