Pendle is an innovative protocol designed for the tokenization and trading of future yield. By introducing a unique automated market maker (AMM) that accommodates assets with time decay, Pendle empowers users with enhanced control over their future yield. This protocol provides users with the flexibility to utilize their future yield in various ways, creating optionality and new opportunities within the ecosystem. With Pendle, individuals can trade and manage their yield more effectively, leading to increased efficiency in asset utilization. Pendle's approach to yield management not only optimizes asset performance but also enhances user engagement within the decentralized finance (DeFi) space. By allowing the trading of future yield, Pendle opens up new avenues for investment and financial strategy, making it a valuable tool for users in the DeFi landscape.