Pendle Finance enables the tokenisation of future yield. Users can split yield-bearing tokens into principal and yield components, enabling fixed-rate strategies, yield speculation, and leveraged yield exposure.
Pendle (PENDLE) launched its token on Jun 25, 2021 on the Ethereum blockchain. The total supply is 258.4M PENDLE tokens, of which 93.4% (241.4M) have been unlocked to date. 17.0M PENDLE tokens remain subject to vesting schedules. The next scheduled unlock event is on Jun 25, 2026, releasing 681K tokens (0.26% of supply) from the Community allocation, valued at approximately — at current prices.
When is the next PENDLE token unlock?
The next PENDLE unlock is scheduled for Jun 25, 2026, in 16 days. 681K tokens (0.26% of total supply) from the Community allocation will be released.
What percentage of PENDLE is still locked?
6.6% of the total 258.4M PENDLE supply — equivalent to 17.0M tokens — remains locked in vesting contracts. The remaining 93.4% (241.4M tokens) has already been released since the TGE on Jun 25, 2021.
How does Pendle's vesting schedule work?
Pendle uses a multi-tranche vesting structure with 6 allocation categories. Tokens are distributed over time using linear monthly vesting, often with an initial cliff period before the first release. The largest tranches are: Team (14.5%), Investors (14.5%), Ecosystem Fund (19.3%).