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  "slug": "exchanges/dex-pendle",
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    "ja": "https://finwiki.zksc.io/ja/exchanges/dex-pendle/",
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  "github_url": "https://github.com/jasonhnd/finwiki/blob/main/exchanges/dex-pendle.md",
  "raw_markdown_url": "https://finwiki.zksc.io/exchanges/dex-pendle.md",
  "domain": "exchanges",
  "title": "Pendle Finance — yield tokenization プロトコル（PT/YT）overview",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Pendle Finance — yield tokenization プロトコル（PT/YT）",
    "aliases": [
      "Pendle",
      "Pendle Finance",
      "PENDLE token",
      "PT YT"
    ],
    "domain": "exchanges",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-05-25",
    "last_tended": "2026-05-25",
    "review_by": "2027-05-25",
    "confidence": "likely",
    "tags": [
      "exchanges",
      "dex",
      "defi",
      "yield-tokenization",
      "multi-chain"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "公開情報整理 (Pendle 公式 docs / whitepaper, pendle.finance)",
      "公開情報整理 (DefiLlama Pendle TVL データ, 2024-2026)",
      "公開情報整理 (Ethena USDe × Pendle 統合公式発表, 2024)",
      "公開情報整理 (Lido stETH / Maker sDAI / Frax sfrxETH の Pendle 上市場)"
    ]
  },
  "summary": "This entry sits under exchanges index. Read it against global DEX major five comparison for adjacent DEX peer context, AMM 設計進化系譜 for the broader system / design boundary, and CEX native token strategy comparison for token economy contrast.",
  "headings": [
    "Pendle Finance — yield tokenization プロトコル（PT/YT）overview",
    "Wiki route",
    "1. プロトコル概要",
    "2. PT / YT メカニズム",
    "3. 主要対応資産（2024–2026）",
    "4. AMM 設計（カスタム curve）",
    "5. vePENDLE 経済",
    "6. 主要事件・沿革",
    "7. 国際比較・cross-chain 戦略",
    "Related"
  ],
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      "exchanges/amm-design-evolution",
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      "exchanges/dex-jito-solana",
      "exchanges/dex-orca-solana",
      "exchanges/dex-raydium-solana",
      "exchanges/global-dex-major-five-comparison",
      "exchanges/native-dex-flip-incumbent-pattern",
      "exchanges/solana-ecosystem-dex-comparison"
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    "resolved_wikilinks": [
      "https://finwiki.zksc.io/ja/domains/exchanges/",
      "https://finwiki.zksc.io/ja/exchanges/amm-design-evolution/",
      "https://finwiki.zksc.io/ja/exchanges/cex-native-token-strategy-comparison/",
      "https://finwiki.zksc.io/ja/exchanges/dex-jito-solana/",
      "https://finwiki.zksc.io/ja/exchanges/dex-orca-solana/",
      "https://finwiki.zksc.io/ja/exchanges/dex-raydium-solana/",
      "https://finwiki.zksc.io/ja/exchanges/global-dex-major-five-comparison/",
      "https://finwiki.zksc.io/ja/exchanges/native-dex-flip-incumbent-pattern/",
      "https://finwiki.zksc.io/ja/exchanges/solana-ecosystem-dex-comparison/"
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