# Pendle (PENDLE)
> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.
**Publisher:** Decentralized Finance Publication
**Type:** Governance · **Chain:** Multi-chain
## Summary
Pendle (PENDLE) is a governance token on Multi-chain. Governance token for Pendle yield-trading protocol.

**Tags:** PENDLE, Pendle, Governance, DeFi, Multi-chain

## Related research

- https://decentralized-finance.io/article/pendle-finance-explained/

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Canonical: https://decentralized-finance.io/token/pendle/