When was PENDLE token launched?

As an ERC-20 token, $PENDLE leverages the robust and widely adopted Ethereum Blockchain, ensuring seamless integration and interoperability with other Ethereum-based assets and platforms.

This shift from a purely utilitarian token to one with governance capabilities highlights the potential for $PENDLE to evolve into a vital component of the Pendle ecosystem, fostering a sense of community ownership and participation.

Initially launched as a pure utility token, $PENDLE was designed to facilitate transactions and interactions within the PENDLE ecosystem, offering users a versatile and efficient means of engaging with the platform's various features.

The decision to introduce $PENDLE as a utility token first underscores the commitment of the Pendle team to fostering a functional and user-centric ecosystem from the outset.

As the PENDLE protocol matures and evolves, plans are in place to introduce governance functions to $PENDLE, empowering token holders with a say in the direction and development of the platform.