Easy way to Buy PEPENDLE token(PENDLE) Online with Wigwam crypto app

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How to buy and hold PENDLE with Wigwam


1. Choose a token number that you want to buy

2. Create a wallet, where to store your crypto

3. Pay with credit card

728.4 PENDLE

4. Check your crypto in the created wallet

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Why Wigwam is the best crypto wallet for PENDLE token (PENDLE) storage

Pendle (PENDLE) Token Review 

PENDLE is the native ERC-20 utility token of the Pendle protocol, a Decentralized Finance (DeFi) ecosystem built on top of Ethereum. The Token has various key functions within the Pendle ecosystem including governance, staking rewards, and providing liquidity.   

About Pendle DeFi

Pendle is a permissionless yield-trading protocol created to bring the TradFi interest derivative market into the DeFi space. The Decentralized Finance (DeFi) is built on the Ethereum blockchain offering compatibility with other EVM-supported chains.

The ecosystem aims to help users in executing yield-management strategies, including fixed yield, long yield, and earning more yield without additional risks by providing liquidity with their stETH. The platform operates through a unique system of Yield Tokenization, where assets are tokenized into Standardized Yield Tokens (SY) that consist of Principal Tokens (PT) and Yield Tokens (YT).

PENDLE token use cases 

 The PENDLE token is an essential part of the Pendle protocol and plays multiple crucial roles in its ecosystem:

  1. Liquidity Provision: PENDLE tokens are utilized for providing liquidity to the ecosystem’s trading pools, where liquidity providers are rewarded for their contributions through PENDLE tokens as an incentive in return.
  2. Governance: PENDLE token holders have the right to participate in the governance of the Pendle protocol and vote on crucial proposals and decisions like protocol upgrades, fee structures, tokenomics adjustments, and many other governance-related decisions for its ecosystem. This ensures that the protocol’s future is shaped according to its user’s interests.
  3. Staking Rewards: The tokens can be staked in the vePendle smart contract to earn vePendle (Voting Escrow) tokens as rewards. The vePendle token represents voting power in the ecosystem’s governance, meaning the longer tokens are locked, the more vePendle tokens are rewarded, boosting users voting power in governance choices.
  4. Yield Optimization: Users can make the most of their yield trading with Pendle's innovative tools. These include tokenizing future yields, fixed yield strategies, long yield strategies, and risk management tools. This helps users optimize their yield generation in a decentralized way.
  5. Risk Management: Pendle provides tools to manage risks and diversify, helping users optimize their yield strategies. Users can protect against market changes and use advanced strategies to boost profits while reducing risks.
  6. Speculation: Users can predict future yields by trading tokenized yield assets on Pendle’s platform. This speculative trading can potentially benefit from changes in yield expectations and market conditions, giving users another way to interact with the platform.

Economic value

The PENDLE token has a total supply of 258,446,029 tokens, out of which 238,185,588 tokens are in circulation. The tokens are minted through depositing yield-generating assets into Pendle, where users can then trade them on the platform's AMM or supported protocols.

The PENDLE tokens are burned weekly with a burning rate 1.1% every week up until April 2026. Through this burning an annual inflation rate of 2% on token incentives is achieved. The demand for tokens mainly comes from locking into vePENDLE. This helps boost liquidity provider APY, earn a share of protocol revenue, and get incentives and swap fees from the pools users voted on. As demand for PENDLE grows, vePENDLE holders benefit more from the protocol's use increasing.


PENDLE is facing many challenges ahead one of which is scalability and high gas fees due to its working on the Ethereum blockchain, this high gas fee combined with unique features of Pendle, such as yield tokenization and the use of an Automated Market Maker (AMM) with time decay considerations and complex nature of yield trading is making it difficult for mass adoption and overwhelming new users. 

 The DeFi space in the blockchain industry is extremely competitive, and standing out among many projects offering similar or related services is crucial. Pendle must continue its path of innovation to stay relevant and ahead of its many competitors. 


This article is for informational purposes only and should not be interpreted as financial or investment advice. The views expressed herein represent solely the opinion of the author and are not intended to provide specific trading or investment recommendations. We do not guarantee the accuracy, completeness, or reliability of the information contained in this article. The cryptocurrency market is known for its high volatility and unpredictable fluctuations. Investors, traders, and anyone engaging with cryptocurrency are advised to conduct thorough research, consider a variety of perspectives, and acquaint themselves with applicable local regulations prior to making any investment decisions.


Yes, you can stake PENDLE tokens and receive rewards in PENDLE or vePendle.

Investing in any cryptocurrency is risky due to the crypto market volatility as well as the economic risks involved with it. It is better to conduct thorough research before buying in PENDLE or any cryptocurrency.

Enter your wallet address in the search bar of Ethereum Blockchain Explorer

You can buy PENDLE from centralized exchanges such as CoinBase, Binance, and CoinEx. UniSwap and Balancer V2, are among a few of the decentralized exchanges that offer PENDLE tokens. Also, you may buy this token instantly in Wigwam crypto wallet.