Cryptocurrency Q&A
What is the fee for pendle?
What is the fee for pendle?
KatanaBlade
Wed Jun 26 2024
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7 answers
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Could you elaborate on the fee structure for Pendle? I'm particularly interested in understanding if there are any transaction fees involved in using the platform. Additionally, I'd like to know if these fees are fixed or variable, and if they depend on the amount of trading activity or the type of transaction. Understanding the fee system is crucial for making informed decisions as a user of Pendle's services. Could you provide a detailed breakdown of the fees associated with using Pendle?
7 answers
Lorenzo
Fri Jun 28 2024
Pendle, a cryptocurrency platform, imposes a 3% fee on all yield generated by its Yield Token (YT).
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CherryBlossomGrace
Fri Jun 28 2024
This fee is entirely redistributed to holders of vePENDLE, a governance token that entitles its owners to certain privileges.
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JejuJoy
Thu Jun 27 2024
By eliminating protocol revenue, Pendle further demonstrates its commitment to fostering a sustainable and mutually beneficial ecosystem.
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DigitalTreasureHunter
Thu Jun 27 2024
Currently, Pendle does not retain any revenue from the collected 3% fee.
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SakuraTide
Thu Jun 27 2024
Instead, the protocol recognizes the value of rewarding its active and committed community members.
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