Saga is a Layer 1 blockchain protocol that allows developers to design their own dedicated chains for running applications. Learn more in this article.

 universe right now is the lack of accessible tools for developers. Many people interested in designing new 

 projects struggle to find the right software developer kits (SDKs) for their projects. The Saga ecosystem aims to fix this issue by providing unparalleled support to app and game developers. 

Can the Saga ecosystem really become the premier chain for web3 development? Keep reading to learn how it works and see whether it's likely to attract new developers.

 blockchain protocol. It allows developers to design their own dedicated chains for running applications. People who work on Saga all share the same security, scaling solutions and SDKs, but they each get their own unique chain that they can customize to suit their needs.

 of technology, crypto and finance enthusiasts. CEO Rebecca Liao is a co-founder of the Skuchain project, the designer of the 

 and a former international corporate attorney. Other members of the founding team include former Tendermint executive Jin Kwon, Blocktech Ventures founder Bogdan Alexandrescu and 

. They realized that there was a major need for a development-focused blockchain specifically designed for game project development. Saga's mission has attracted many major investors, 

Saga aims to create a new system for web3 project developers. Currently, most developers have to choose between the ease of working on an established chain like 

 versus the convenience and customization of designing their own chain. The Saga team realized that the most effective option for game developers would actually be a combination of the two types of development environments.

Saga wants to let developers set up their own sovereign blockchain so they can decide how things like 

 and transaction fees work. However, Saga also aims to provide extensive support for developers in its ecosystem. Its underlying framework ensures that people still have excellent security and a reliable validator set, no matter what their gaming project is.

 ecosystem, whose interchain web development standard is a set of protocols that allows a broad variety of blockchains to communicate with each other. The Saga network uses the 

 and the shared security system of the Cosmos ecosystem to manage the network, and has created its own Layer 1 chain that runs the entire Saga ecosystem and can do things like automatically launching 

The Saga Mainnet handles each developer's compiled smart contract binary. However, it also runs parallel dedicated chains that function as virtual machine (VM) modules capable of handling a specific set of smart contracts. End users for blockchain games and other apps interact only with the dedicated blockchain, while the developer's system manages the fees and individual transactions on the Saga Mainnet.

All of the chains on Saga are validated through optimistic coordination, which requires every Saga validator to validate each chain in the Saga ecosystem via 

 validation, verifying transactions by temporarily locking Saga tokens.

The Saga network contains a lot more than just the basic features offered through the Cosmos SDK and ecosystem. In addition to the software development tools and helpful interface for Saga's validators and developers, the ecosystem also contains the following features.

The overall layout of the Saga ecosystem starts with the Saga Mainnet. Built on the Cosmos hub, this framework includes a full validator set and a dedicated blockchain for handling all smart contracts. The basic protocols are passed on to each child chain in the system, and information is relayed back and forth between the main chain and all of the secondary chains. Saga's validators stake tokens, and then check to make sure every element of the topology follows Saga’s regulations.

 are a method for creating a dedicated blockspace that a developer can manage. These chainlets function as virtual machines that can handle smart contracts and automatically launch Celestia rollups. Each chainlet is its own blockchain that handles nothing but a specific gaming project. Developers decide on the gas fees they'll charge users, and can add chainlets as their projects expand and require more throughput from the remaining validators.

Saga's shared security relies on both the Cosmos hub and its own set of validators to secure the network. Validators on Saga’s network are monitored by auditors who can catch potential issues with individual dedicated chains. If anyone in the validator set fails to properly confirm a smart contract, their staked tokens are automatically confiscated.

 is a publishing system for gaming developers who want to create their own blockchains with help from Saga. It offers infinite scalability, seamless 

 and transactions without gas fees. In addition to use of the Cosmos SDK, developers who choose to publish their game through Saga Origins receive access to a variety of helpful marketing and distribution tools.

 is an interconnected blend of all the developers and projects in the Saga system. Though each sovereign blockchain is fully independent of others, they all join together to offer users a variety of exciting web3 projects. People interested in checking out the latest blockchain designs can join the Multiverse and browse all the neat concepts built on Saga.

To help get the Saga validator system started, Saga released 

 to its community members. People were eligible for the 

 if they had participated in the staking program or played in tournaments to promote Saga ecosystem games. The airdrop eligibility period required remaining validators and other participants to be active between January and October of 2023. Once the airdrop began allowing people to claim tokens, it continued to run until Mar 27, 2024.

 consists of four separate phases. The company has already completed the Andromeda and Cassiopeia phases, which focused on designing the Mainnet and setting up the system of Saga validators. Currently, the Saga team is in the Pegasus phase, which is about releasing tokens and opening the Saga Mainnet to the public. Sometime in late 2022, Saga’s team hopes to reach their Mainnet V2 phase, which will prioritize a new version of the Saga Mainnet with more features and options for dedicated blockspace.

SAGA tokens are the primary method for paying fees on the Saga network. These tokens are also used for staking, and function as a method of confirming Saga transactions. There are a total of 

, of which around 90 million have thus far been released. Saga plans to distribute its tokens as follows:

SAGA is still in the early stages of its token launch. However, it’s already surprised investors, having debuted at $4.91 on Apr 9, 2024 before quickly surging to its ATH to date of $7.60. It then steadily declined over the next few days to its current price of $3.06 as of Apr 19, 2024.

 SAGA, with its experts believing SAGA’s price will reach $15.73 by 2025 and decrease in 2027 to $6.27, before rising again to $13.45 by 2030. This bullish sentiment is amplified by analysts at Changelly, 

 SAGA’s price will increase to $6.91 in 2025, $14.21 in 2027 and $44.36 in 2030.

Looking to trade Saga tokens? Bybit now offers SAGAUSDT Perpetual contracts. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

SAGA has done an extremely impressive job of attracting users, and seems poised to become the big coin debut of April 2024 with its high price.

However, it's hard to say whether SAGA can maintain its price in the long run. It's quite common for new startups to have a strong start and then drop in price once their project fails to take off. If the Saga ecosystem can’t attract new developers and continue to release impressive projects, investors could see some major SAGA losses in the future.

Since this coin is so volatile right now, investors need to 

. It has the potential for both big profits and big losses, so you’ll want to carefully consider how these price shifts might affect your portfolio. For best results, avoid investing more than you can afford to lose, make sure you diversify your investments — and 

By offering developers the chance to create their own dedicated chains, Saga offers a more convenient and scalable system for blockchain gaming. Its helpful features and low transaction fees have already attracted many people, and it's no surprise that many others are interested in the project. Furthermore, SAGA tokens have had a promising start with extremely impressive growth. If the Saga company can successfully capitalize on its early buzz, it has a bright future.

Intermediate

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Saga (SAGA): Catalyzing the Multiverse With Scalable Chains

Discover Masa, a platform empowering individuals to control and monetize their data, decentralizing AI storage and promoting ethical data sharing.

Few areas of the crypto industry are as popular these days as artificial intelligence (AI). AI-related tokens and projects experience some of the highest growth rates, with particular interest attached to generative AI technology and large language models (LLMs), all thanks to OpenAI's massively popular ChatGPT tool. This is no surprise, as blockchain technology has the potential to address many of the limitations of LLM algorithms, particularly those related to the issues of data and centralization of AI models.

The Masa network (MASA) is a new AI-focused crypto platform that brings a fresh paradigm to the world by allowing individuals to control and monetize their personal data. Its platform also contributes to the AI revolution by decentralizing the storage of both the user data and the LLMs utilizing it.

 (MASA) is a blockchain platform that provides access to user-consented, hyper-specific behavioral and personal data and decentralized LLM algorithms. 

The platform launched its operations on Apr 11, 2024. Masa operates as a subnet on the 

 (AVAX) blockchain. To enable cross-chain functionality, it has also integrated 

 technology. This lets Masa bridge assets, initially to two key blockchains, 

 (BSC), with additional chains to be added in the future.

Masa provides user-consented AI data that’s stored in a decentralized way. As of mid-April 2024, more than 40 million data points from over 1.4 million 

 user wallets are available via its permissionless data layer. Masa represents an entirely new decentralized AI paradigm: while most data providers use centralized storage solutions, its platform's data is always stored in a decentralized, blockchain-based format.

The data made available via Masa’s platform is user-consented for collection and privacy-protected using its Zero-Knowledge 

 (zkSBT) technology, which allows users to share their personal data securely and confidentially by storing this encrypted data on the blockchain. Thanks to the zkSBT, users can share fairly detailed personal data while protecting their identities and the specifics of their online activities.

This user-consented data is directly sourced from users through the Masa App and Masa Chrome browser extension with their consent. Users have complete control over their data, which is collected in a highly detailed, verified and ethical manner. 

As such, it's different from the typical user-aggregated data collected from the internet by companies. Compared to user-consented data, user-aggregated data tends to be less granular and, obviously, has ethical strings attached to it: in most cases, users don't consent to the collection of such data, or (at best) provide reluctant consent by clicking on annoying "Accept All Cookies" buttons.

While focusing mostly on user-consented data, the Masa platform also offers developers a way to access user-aggregated data for a richer data network. Using Masa's web data scraper, developers can extract data from websites, social media posts, blogs and online databases.

User-aggregated data is collected by data node workers via the Masa Oracle network and Masa Chrome extension and stored on the platform, benefiting from the 

In addition to datasets, Masa enables the decentralized execution of LLM algorithms, facilitated by the Oracle node workers, who leverage their surplus CPU and GPU computing power to run open-source LLMs for fine-tuning AI models.

The Masa project aspires to achieve goals crucial to the development of all data and AI industries. First, Masa allows individuals to completely control their own personal data by choosing what to share with the outside world while protecting their confidentiality. The blockchain-based storage mode also ensures the security of the stored data. Additionally, users can monetize access to their personal data, becoming a major beneficiary of its use.

All of these benefits are in stark contrast to the traditional way user data is collected, stored and used on Web 2.0 platforms. In this traditional mode, one is often unaware of what personal data is collected about them, as well as when and by whom. Although the data used for analytics purposes might be in an aggregated form, together with the details of other online users, individual users are still part of the "guinea pig" cohort whose details have been unceremoniously extracted and utilized without their knowledge or consent.

Moreover, when hit online with some fairly relevant advertising based on past search phrases, one begins to realize that data isn't always used in an aggregated format. In fact, its utilization can be quite personalized. And of course, in the traditional mode of data collection, we’re all rarely reimbursed for the data we share.

Another aim of the Masa project is to provide a secure and efficient decentralized infrastructure for running LLM algorithms. Traditional, centralized hosting solutions for AI models face challenges, such as technical capacity and security issues. For instance, many centrally hosted LLM-based solutions suffer from performance degradation when large numbers of users access them simultaneously. Masa's approach to leveraging decentralized resources for running open-source LLMs efficiently addresses these capacity limitations, providing enhanced scalability and reliability for AI applications.

Masa operates as a subnet on the Avalanche blockchain, using cross-chain communications supported by LayerZero to access other networks as well. Avalanche subnets are completely independent 

 networks with their own set of rules and functionalities. Subnets, including Masa, use Avalanche's validators, or a subset of validators, to secure the network and achieve consensus.

Besides the validators, the Masa network has another type of functional nodes — 

. These special Masa nodes play a critical role in providing structured data and advanced AI models while prioritizing data privacy.

The Masa Oracle network acts as a decentralized web scraper, gathering data from the internet and organizing it for AI training and development. This approach gives developers access to hyper-personalized training data to improve language model performance. It also supports the decentralization of LLMs, making them easily accessible without complex setup.

As mentioned above, users can manage access to and monetization of their personal data via Zero-Knowledge Soulbound Tokens (zkSBTs), which provide a secure way of providing access to users’ personal data without compromising their privacy.

 is the main gateway for users to interact with the Masa platform. It lets them provide access to personal data and earn crypto rewards by staking data in four different ways:

Masa’s native cryptocurrency, MASA, is a utility and 

 used to reward users for providing their data to the network. 

 MASA also earns you crypto rewards. Entities who wish to utilize data held by the network pay for access to it in MASA tokens. The token is also used to reward the Oracle nodes.

As a governance token, MASA lets you participate in votes on any changes and upgrades to the platform's rules or fee structure.

The token's supply economics doesn't specify a maximum cap. MASA's total supply is 1,588,866,523, which will be released gradually over a period of around four years starting in April 2024. Token supply allocation shares are per the table below.

The MASA token is available on Bybit via a 

. Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don’t have a Bybit account, you can easily 

 to access Bybit's range of crypto products and assets.

The Masa network is a refreshing addition to the data industry, whose user consent and privacy have been under attack for many years. The Masa platform puts data ownership in users' hands, allowing them to control access to their data and benefit from its monetization. As online privacy concerns and invasive Web 2.0 advertising shenanigans grow, more users will be attracted to Masa's unique data concept.

In addition to allowing individuals to control and monetize their data, Masa also contributes significantly to the development of 

, which is important because the decentralized mode of data and model storage championed by the platform has the potential to solve many technical limitations of LLMs and other types of AI algorithms. This is a network full of merit and promise; all it needs now is wider recognition and user adoption.

Advanced

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Masa (MASA): Powering AI With User-Centric Data Monetization

Today’s outperformer is LSK, which jumped 17.63% after Lisk partners with Velodrome to enhance blockchain access and drive ecosystem growth.

The SPX index is down 0.22% as the market anticipates less Federal Reserve rate cuts, considering the possibility of no cuts this year. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 4.18% and 3.19%, respectively in the past 24 hours.

Lisk (LSK), launched on May 2016, is a cryptocurrency platform that enables developers to build decentralized applications (dapps) using JavaScript and TypeScript. It supports custom "sidechains" within its network, offering tools like a software development kit. Lisk has announced a partnership with Velodrome to support and expand its blockchain ecosystem. Lisk will purchase and lock $VELO tokens for voting, directing VELO emissions to key pairs on Lisk. This collaboration aims to support existing protocols on Lisk, attract new developers, and enhance blockchain accessibility and adoption in emerging markets. Velodrome will back Lisk's Layer 2 initiatives, aligning with the goal of creating a scalable, interoperable Ethereum future.

Check Out the Latest Prices, Charts, and Data of 

The Runes protocol is set to debut alongside Bitcoin's 2024 halving, heralding a new phase in Bitcoin's evolution by enabling the creation of fungible tokens directly on its network. This follows the impactful Ordinals protocol, which significantly expanded Bitcoin's functionalities. The Runes protocol will spark competition among developers to issue and acquire the first tokens, with global exchanges ready to support these tokens from day one. The halving event will also feature a race to mine a highly valuable "Epic" satoshi. As Bitcoin approaches this transformative era, extensive preparations and educational initiatives are underway to equip users for the forthcoming changes, marking a profound shift in Bitcoin's operational and cultural landscape.

Spot Bitcoin ETFs have yet another day of outflow, however, yesterday’s outflow was close to neutral. The market has seen fluctuating flows in these ETFs, with significant activity in some and none in others, reflecting mixed investor reactions. Recent substantial outflows echo trends from March, but analysts regard such fluctuations as typical for ETFs and not indicative of failure. Despite this volatility, the outlook for Bitcoin ETFs remains positive as they continue to draw institutional interest and shape market dynamics.

Avail, a blockchain data-availability protocol developed using Polygon’s SDK, has announced an airdrop of 600 million AVAIL tokens, marking its one-year anniversary since spinning off from Polygon Labs. The "Unification Drop" aims to bring together various blockchain communities by rewarding developers, governance contributors, educators, rollup users, stakers, and others who have significantly contributed to the ecosystem. Avail's infrastructure includes three segments: Nexus for cross-chain transactions, Fusion for liquid staking on chains like Ethereum and Bitcoin, and DA for scaling rollups through technologies like KZG commitments. The airdrop will distribute tokens to 354,605 wallet addresses and includes significant allocations for various roles across multiple blockchains, including Ethereum, Bitcoin, Solana, Cosmos, and more, emphasizing a unified Web3 environment.

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Runes Protocol Revolutionizes Bitcoin with New Token Capabilities Ahead of 2024 Halving

Nolus is a decentralized finance lending protocol with cross-chain capabilities. Learn more about how it works in this article.

One of the big advantages of decentralized finance (

) is that it provides more options for users. People who cannot get traditional loans because a typical bank deems them "high-risk" can turn to the DeFi sector to borrow crypto assets. The Nolus Protocol is a new DeFi lender that offers users all sorts of exciting opportunities. To see how this intriguing project works, explore this guide to learn all about Nolus.

 is a DeFi lending protocol. It has cross-chain capabilities that let people choose the most favorable rates possible and avoid the need to save up funds for liquidity.

Nolus was founded by Ivan Kostov and Kamen Trendafilov. Kostov worked in traditional finance, while Trendafilov has a background in marketing and business. During their time in these sectors, Nolus's founders realized that blockchain networks had the potential to revolutionize banking. They decided to join together and create a new leasing system that makes the most of DeFi products instead of just trying to mimic past banking methods.

Nolus started work on its plans in 2022 and officially launched its mainnet in 2023, having successfully completed several investing rounds and receiving 

 Token Metrics, Autonomy Capital, Everstake and more.

Nolus aims to tackle three problems common in crypto lending markets:

 software developer kit (SDK). Its code is entirely open sourced, and is updated and changed only when all stakeholders in the Nolus community vote to do so. According to the Nolus white paper, its ecosystem’s goal is “to build a novel user experience–driven automated money market” that facilitates direct interactions between lenders and borrowers without involving any other users.

The Nolus lending method starts with lenders choosing to supply 

 to the system. Any borrower who submits a down payment can get a loan from this supply of stablecoins. Both the coins and the down payment are 

, and interest is determined based on the value of the items. There’s no fixed repayment schedule, but the smart contracts ensure that interest is automatically removed from the collateral, and then paid to the lender at regular intervals. Once the user decides to repay the lease, the original assets are released from the smart contract.

Nolus's lending protocol includes many ways for customers to profit and enjoy convenient services. Here are the main DeFi products you can access through Nolus.

DeFi leasing on Nolus is designed to be as convenient as possible. Customers don’t have to go through a lengthy application or pay a lot of fees to other users. You just enter your collateral and get a loan of up to three times the value of the initial investment. Interest rates vary between 11% and 18%, based on the market value of the digital assets. The 

 allow the loan to be repaid on your own schedule. However, keep in mind that you pay more interest if you wait a longer amount of time to repay the loan.

If you want to earn money based on your existing crypto, you can join one of the many 

 on Nolus by submitting stablecoins in exchange for interest-bearing Nolus crypto. When you're ready to withdraw your funds and stop participating in DeFi leasing, you can cash out your Nolus tokens to receive your initial asset, plus any additional interest or network fees you’ve earned.

Nolus's system of money markets isn't the only thing they provide. Users who decide to 

 a crypto asset on Nolus can earn more money. The Nolus ecosystem offers the option of staking NLS tokens in exchange for various incentives. Lenders receive higher amounts of rewards for lending stablecoins, and borrowers get a lower interest rate.

Nolus has had some impressive growth since its launch in 2023. In just six months, the lending protocol has assisted with thousands of loans, collectively worth $8.6 million in total. Its team calculates that they've managed to achieve an average 

Nolus hopes to expand on this momentum in 2024. Its main plan is to continue marketing the lending protocol heavily, attracting more users who want to do their own research and find the best possible loans. To further attract users from the DeFi sector, Nolus aims to add more support for other crypto tokens and increase network liquidity. Nolus stands for community-led governance, so they don't have a long-term road map in place. Instead, they plan to evolve and adjust to suit whatever community needs arise in the future.

. It allows users to adjust their interest rates, and it's also a 

. People with NLS tokens can vote on how the platform is run and help implement new changes for the platform. The NLS token has a total supply of 1 billion. Nolus’s plan is to gradually mint tokens over a ten-year period, and implement a token buyback program to help maintain value. NLS token distribution will be as follows:

When the NLS token was released in the summer of 2023, Nolus prices were fairly stable. However, now that investors can sell their NLS tokens, prices have become more volatile. Starting in December 2023, NLS prices 

, and although the token currently seems to be dropping from its all-time high of $0.10, more price increases seem likely in the future.

Not only is the market for the NLS token quite bullish right now, but the Nolus lending protocol is also attracting a lot of positive attention in the crypto space. If the network can maintain its positive attention and attract more users, prices seem likely to rise even further. CoinCodex predicts Nolus prices will stay in the $0.04 to $0.19 range for 2025, and hit 

. This attitude is backed up by crypto influencers such as Crypto Revolution, 

 an underrated crypto with a lot of potential for growth.

The Nolus project is a well-thought-out crypto protocol that offers users significant advantages. Its innovative approach to lending could potentially attract a lot of users from the DeFi space. In addition to having a reliable system backed with effective technology and a detailed white paper, NLS digital assets have also experienced some promising growth patterns. The crypto asset has had a slow yet steady climb in price, and now that it's trending in crypto news, it seems poised to take off.

However, keep in mind that it's still important to 

 on digital assets. Some crypto investors might find it concerning that the Nolus project is mostly backed by marketers, instead of blockchain enthusiasts. There have also been some tech issues, such as the 

 that led to some unnecessary margin calls. Subsequent issues could limit price appreciation of its crypto assets. Therefore, it's necessary to approach Nolus with caution and not overextend your finances.

Nolus's DeFi lease system allows people to obtain easy access to crypto. Its innovative approach provides investors with significant advantages. Unlike traditional finance, there's no lengthy application process, and in contrast to many other blockchain networks Nolus doesn't have frequent margin calls or high network fees. As long as Nolus doesn't run into any technological issues or financial problems, its network is likely to have a lot of success in the DeFi space.

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Nolus (NLS): Crafting Liquidity's Future With Leading DeFi Leases

Bybit Learn

DeFi

Pendle is a tokenized yield protocol that allows investors access to an asset’s future yield. It's unique through its time-decaying AMM feature. Read more here.

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Crypto yield trading can be highly lucrative, but the actual return that an investor may realize is uncertain. This is because future yields cannot be accurately projected, due to fluctuations in the yield markets caused by numerous factors in the crypto sphere. Various yield protocols enable investors to gain from a future yield, but there are flaws with many of these established protocols that can minimize gains substantially. 

Pendle takes an improved approach to yield trading to optimize the investor’s return.

 yield trading protocol. This DeFi protocol is built on the 

 blockchain. Its users can adopt various strategies. When a user deposits assets in Pendle, the underlying asset is represented through a 

 (PT). The anticipated yield is represented by a 

 (YT). Because the principal and yield can be split through these tokens, users have greater flexibility to manage their assets. 

, and cash them in before the expiration date to secure gains. Additionally, you can adopt yield strategies such as long yield, discounted long assets, fixed yield, or a mix of these strategies. The platform also supports 

Pendle was created by a group of anonymous individuals who go by the pseudonyms TN Lee, GT, YK and Vu. It maintains its headquarters in South Korea, and 

 and others. After considerable development, the project officially launched in June 2021. According to 

, its trading volume has reached $350 million to date. Its total value locked (

. The Pendle team has grown substantially since launch to meet the platform’s continued growth and development.

Pendle was established to improve the yield trading experience for crypto users. By doing so, its founders have focused on making crypto yield trading more mainstream. Furthermore, they recognized the challenge associated with

. The platform has been designed with specific features that enable traders to create separate tokens for their original asset and their future yield asset to optimize flexibility and profitability. At the same time, Pendle uses an evolved AMM that specifically overcomes the challenge of time decay in yield trading.

Pendle has already launched its second version, and additional updates are planned in the near future. 

 introduced an updated AMM that allows for fixed rate trading. It also optimizes liquidity provisions and provides greater opportunities for profits.

Those who own yield-generating assets deposit their tokens into their Pendle account. Once that’s done, a PT is minted by Pendle, representing the underlying asset that was deposited. In addition, a yield token, or YT, is minted, which represents the token holder’s claim on that asset’s future yield. It’s important to note that PTs and YTs are valid for a limited time, and their associated assets must be claimed before their expiration dates.

Yield tokenization is Pendle’s fundamental mechanism. While the PT represents the original asset, the YT represents the expected interest earned on the underlying asset. Splitting the yield components maximizes the user’s control of those assets. A YT can be used to provide liquidity to an AMM. By doing so, a YT can generate protocol rewards and earn transaction fees. Another way to use a YT is to simulate an interest rate swap. This is done by locking in a return at a fixed rate by selling the YT immediately.

An AMM, or automated market maker, supports individual trades of crypto assets. Specifically, it’s a type of decentralized exchange (

) that algorithmically completes buy and sell orders, as compared to making direct trades with individual traders. However, a traditional AMM is flawed since it doesn’t account for time decay. Without taking time decay into account, an investor may suffer financial loss because of mispriced assets. 

Pendle resolves this issue through its unique AMM. It uses a time-decaying AMM model to optimize capital, while increasing exposure to future yields. Specifically, Pendle’s AMM makes incremental adjustments that more accurately price assets. At the same time, it prevents 

PENDLE token holders can participate in the platform’s governance. Specifically, they do this by using vePENDLE, or vote-escrowed PENDLE tokens. The vePENDLE tokens are obtained by 

 PENDLE. The specific amount of vePENDLE received is based on the staking period, which can be as long as two years. Over the course of the staking period, the value of vePENDLE in a user’s wallet decays. It will reach no value at the end of the staking period, which is when the staked tokens are unlocked.

Pendle collects a fee of 3% from all yield accrued via YT. This fee is collected as revenue and distributed pro rata to all vePENDLE holders, based on vePENDLE weight.

Adding to these opportunities for gains, vePENDLE holders have access to liquidity incentives. They vote for the allocation of liquidity incentives to different pools. Those who have voted for a pool collectively earn 80% of that pool’s swap fees.

 is an interface that gives users complete access to all of the platform’s features. Through Pendle Pro, users can deposit assets, mint YTs and PTs, make trades, and more. This feature is accessible through a toggle button at the top of the mobile app. There’s also a useful tutorial available that shows new users how to get the most out of Pendle Pro’s features.

Pendle offers greater opportunities for investors to maximize the return on their yield-bearing assets without locking up their collateral. These opportunities include minting, 

, farming and claiming. A closer look at these features is essential.

A user can mint tokens by depositing a yield-bearing asset in Pendle. Under the Markets tab on the interface, select the terms of the transaction. This includes the input asset, the desired asset and the maturity details. By doing so, the user creates a principal token and a yield token for the underlying asset. Through this minting process, the asset is separated from its future yield, and these tokens can be used separately in various ways.

Once the YT has been minted, the user has the option to sell or swap it. Depending on the movement of the underlying asset’s value, this could be highly lucrative. It also presents users with the opportunity to swap one asset for another one that may produce a higher yield going forward. The original PT can also be swapped independently. Swapping is done through the interface’s Markets section. After selecting the Swap tab, select the slippage, transaction volume, input and output assets, and maturity.

The YT may also be added to a liquidity pool. Users can review the maturity, total liquidity and annualized percentage yield (

) for each pool. By contributing to a pool, users receive liquidity pool tokens that allow them to earn liquidity incentives. Liquidity incentives can continue to be earned until the liquidity pool tokens are cashed in. The user can increase the APY through the use of vePENDLE.

Once a YT’s established expiration date passes, that token no longer has any value. The user must decide whether to redeem the asset before the expiration date, or to roll over the asset to create a new expiration date. In order to redeem the token, the user must hold both the PT and YT. Depending on the situation, this may require the user to take a liquidity provision from the pool or buy new tokens on the market. 

To claim the YT as well as rewards and swap fees, the user should click on Claim Yield and Rewards in the Markets section. By toggling through the options, the user can claim specific rewards and gas fees. The user can also select how the token will be claimed, such as through a raw token or 

Pendle stands apart from other seemingly comparable platforms through its three components. Two of these are already live: yield tokenization and AMM. The third component, governance, is still in development. 

Within a year of the platform’s launch, more than $350 million of yield trades were settled. Pendle V2 was released in late 2022 with a redesigned AMM. This updated AMM supports fixed rate trading. It also offers liquidity provisions, greater capital flexibility and improved efficiency. It establishes low slippage trades, minimal 

 and the ability for liquidity pool providers to earn fees on two assets, even though they provide just one asset.

Looking forward, the project's developers are focusing on permissionless integration with all yield-bearing assets. There’s also a plan to generate greater fees and liquidity by properly aligning incentives.

The native token of Pendle is PENDLE. It’s an 

 utility token with a total and maximum supply of 231,725,335 tokens. The circulating supply is approximately 97 million tokens. Its purpose is to manage governance at the completion of the protocol. Specifically, it will support protocol management and the mechanics of value accrual. PENDLE is a hybrid 

Its initial distribution allocated 37% to liquidity incentives, 22% of the supply to the team and 15% to investors. In addition, the ecosystem fund received an allocation of 18%, and 7% was applied to liquidity bootstrapping. The remaining 1% of the supply was reserved for advisors.

. It now has 65.1% allocated to its circulation, 19.2% to the ecosystem fund, 10% to incentives and 5.7% to the team. Tokens allocated for the team were vested until April 2023, and weekly emissions are 667,705, with a 1.1% decrease each week until April 2026.

PENDLE was launched on Apr 28, 2021 at the price of $2.11. It quickly dropped to a low of $1.08 by Apr 30, 2021 before it rose to its all-time high of $2.45 on May 5, 2021. PENDLE’s price continued to fluctuate over the following months, remaining between $0.30 and $1. There was a spike in price in the middle of August 2021, from $0.44 to $1.27, possibly due to the 

PENDLE’s price then fell once again, before rising again in the middle of October 2021 to $0.98. This is likely attributed to the 

, whereby users can obtain PENDLE tokens at a discount through the exchange of PENDLE/ETH LP tokens on Olympus.

As the entire crypto market entered a downturn at the end of 2021, PENDLE’s price also fell. When the Terra LUNA crash occurred in May 2022, PENDLE dropped to a low of $0.04 and remained there throughout most of 2022. However, PENDLE’s price experienced an uptrend beginning in January 2023, as it rose from $0.04 to $0.64 in April. Despite faltering briefly, PENDLE’s price continued to climb to a peak of $0.96 on Jul 3, 2023.

The current price of PENDLE is $0.85 as of Jul 19, 2023. The general sentiment for this token among crypto experts is bullish for both short and long terms. At the end of 2023, according to 

 will be $1.87. This is expected to rise to $3.07 in 2025 and $4.63 in 2028. In 2030, the price of PENDLE is predicted to double and reach $8.95. 

 the same sentiments, and is in fact more positive than DigitalCoinPrice in the long run. It predicts that PENDLE will close 2023 at $1.23 and reach $2.91 by 2025. By 2028, PENDLE is expected to rise to $9.08 and cross the $18 mark to hit $18.57 by 2030.

While the token’s price is expected to increase considerably over the next decade, keep in mind that all crypto price predictions are speculative. Many factors cause crypto prices to move, and these factors cannot accurately be predicted. As such, it’s best that you 

PENDLE tokens are available on centralized exchanges including Bybit. You can choose to trade the PENDLE/USDT Spot trading pair or PENDLEUSDT Perpetual Contracts. To get started, you must first 

 and fund it with cryptocurrency before navigating to the 

As discussed in the previous section, the price of the PENDLE token is projected to increase from its current $0.85 to $18.57 at the end of 2030, an increase of almost 2,085%. This substantial value increase presents a lucrative opportunity for those who intend to hold their tokens for a longer period of time. 

In addition to the financial gain associated with token value appreciation, users can take advantage of liquidity incentives for additional gain. Moreover, this yield trading platform enables users to split their yield token from their principal token, which allows for improved flexibility and capital efficiency in yield markets. The possibility of loss is always present in the crypto world, but Pendle presents many avenues for users to profit.

Yield trading presents crypto investors with exciting financial opportunities. Pendle is designed specifically to optimize the profitability of yield trading. With its user-friendly interface and tutorials, it’s just as well-suited to experienced traders as it is to those new to the world of crypto yield trading. You can launch the 

 today to start putting its features to use for your yield trading activities.

Pendle (PENDLE): Unlocking the Full Potential of the Yield Market

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards