Crypto Exchange Binance Lists Hot Ethereum Altcoin Project That’s Up 110% This Month – Crypto News – Crypto News
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Crypto Exchange Binance Lists Hot Ethereum Altcoin Project That's Up 110% This Month Crypto Exchange Binance Lists Hot Ethereum Altcoin Project That's Up 110% This Month

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Crypto Exchange Binance Lists Hot Ethereum Altcoin Project That’s Up 110% This Month – Crypto News

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3 years ago

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A soaring altcoin project built on Ethereum (eth) is picking up support from Binance, the world’s largest crypto exchange by volume.

Recently declared the listing of Pendle (PENDLE) in their Innovation Zone.

The platform allows for spot trading pairs with Bitcoin (BTC), PENDLE/BTC, Tether (usdt), PENDLE/USDT, and TrueUSD (USD), PENDLE/TUSD.

Binance’s Innovation Zone is a dedicated trading space for crypto assets that could be more prone to rapid price swings.

Pendle is a tokenized decentralized finance (DeFi) yield-trading protocol that enables investors to purchase assets at a discount and access an asset’s future yield for trading and hedging.

Pendle was initially launched in June 2021.

says Pendle,

“As a yield derivative protocol, we are bringing the traditional finance (TradFi) interest derivative market (worth over $400 trillion in notional value) into DeFi, making it accessible to all. By creating a yield market in DeFi, Pendle unlocks the full potential of yield, enabling users to execute advanced yield strategies.”

According to its websitePendle is offering ETH at a 6.09% discount at the time of writing and liquidity pools promising up to 42% upon maturity.

After Binance announced the listing of Pendle, the coin shot up to a 2023 high of $1.21.

At the time of writing, Pendle is trading at $0.87, down 7.2% over the last 24 hours. Pendle is putting up more than 100% gains since trading at $0.42 a month ago.

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