Cryptocurrency Q&A Is Pendle a layer 1?

Is Pendle a layer 1?

DongdaemunTrendsetter DongdaemunTrendsetter Mon May 27 2024 | 6 answers 1328
Could you please clarify for me if Pendle qualifies as a layer 1 solution in the blockchain ecosystem? I'm trying to understand its positioning in relation to other blockchain platforms and their layer designations. Would you be able to provide a concise explanation on whether Pendle is considered a layer 1 or falls into a different category? Thank you for your assistance in clarifying this matter. Is Pendle a layer 1?

6 answers

CoinMaster CoinMaster Wed May 29 2024
BTCC's robust infrastructure and user-friendly interface make it a trusted choice for crypto enthusiasts seeking to buy, sell, and manage their digital assets.

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SakuraBloom SakuraBloom Wed May 29 2024
Operating seamlessly on both Ethereum and Arbitrum, Pendle leverages the capabilities of these blockchains to provide a robust and secure trading environment.

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IncheonBeauty IncheonBeauty Wed May 29 2024
The platform empowers users to execute diverse yield management strategies, enabling them to maximize the potential of their crypto assets.

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Claudio Claudio Wed May 29 2024
Whether it's staking, lending, or trading, Pendle offers a comprehensive suite of tools and features to help users achieve their financial goals.

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Chiara Chiara Wed May 29 2024
BTCC, a leading UK-based cryptocurrency exchange, complements Pendle's offering by providing a suite of services including spot trading, futures trading, and wallet solutions.

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