Pendle Review To Late To Make Gains? Can It Reach Multi Billion Dollar Market Cap?

[Music] Street [Music] open welcome to underground crypto here is another deep dive for you now this one is not so much of a market cap gem I know that the original ambition of this channel is low market cap gems um and the Deep diving them together still a pretty new YouTube channel getting close to 100 subscribers we're not there yet though and um yeah so hit the like share subscribe not a financial advisor nothing I say or do should be taking as Financial advice all of those things today we are going to be going over Pendle it does have a bigger market cap but is also the type of thing that could still see a lot of x's we're going to hop over to coin gecko here and before we do anything we're just going to click search and

see what is trending I see catcoin still trending although looks like it's down about 10% Gala still trending um Moon trop tropica I have uh never heard of that game gbt or the ticker is dual maybe you're familiar with that this art um is one that we're going to be covering on the channel pretty soon I don't know a lot about it but some people who I watch have been mentioning it a lot lately Planet token not sure what that is pups is an ordinal it says not really sure what that is necessarily either we want to keep an eye on what is trending narrative shift all those kind of things if you're following some of the recent videos we've been shifting a little bit from base meme coins and stuff although Bas meme coins have had a pullback

that's normal when Bitcoin has a pullback but they in my opinion will probably still continue to increase into the next year significantly but realworld assets are the last couple videos that we've been doing Ando and uh reio those are bigger projects but they also have the potential just like Pendle pendle's very similar to those two I believe Pendle is also a real world asset um narrative um where you know a lot of other things are AI coin narratives The Narrative is very important uh metaverse narrative all these narratives are really important and the timing of those um narratives is really important so are we beginning to see a shift in the market to real world asset coins I still think people are very very very early on this Niche but that Niche has a lot of potential because it

brings brings people who are not crypto people to the digitalized asset um you know Forefront the thought and what is that digitalized assets crypto so market cap a little over 600 million fully diluted 1.6 billion 24hour uh trading volume 243 million total value locked says about 4 billion 4.1 billion and then the circulating Supply you can see 96 almost 97 million out of 258 A5 million almost so you know that kind of lays it out for you 600 million is not a small market cap in you know my world my definition but I mean you can see if they have $4 billion locked um in tvl then there's high potential for this coin I think to go market cap to several several billion dollars as people who are normally not seeing any value in cryptocurrency are um you know

understanding why they would invest in something like this more than they would Bitcoin or anything else for that matter so let's see where can you get it I mean they have Pages seven pages of places you can buy it so like this coin shouldn't be hard for you to get your hands on I don't see coinbase at the top here but I do see binance bingx Mexi gate.io um ones that I think a lot of people are familiar with surprised not to see coinbase C coin bitmart um crypto.com so this should not be a hard coin for you to acquire if you wish to speculate on it where Sometimes some of the meme coins and stuff you can only buy on decentralized exchanges all right let's pop over to their website again Pendle right at the top it seems

to be their little symbol um like a pendulum I guess is what they're going for here says liberating yield you have this st eth e eth RS eth um I'm not super privy to exactly what those things mean but I'm sure we will learn about them and we'll just go over the website real quick it says fixed yield for everyone find your stability among a viol it a volatile yield no lockup period control your yield long yield or hedge your yield exposure the choice is yours so you know they're saying it has a fixed yield for everybody and you can control your yield and how long you're I guess exposed to um being staked being locked up I think in the past people have been um weary of certain things you know you stake you get locked up for

multiple years at a time or something and then the project has problems or some unforeseen event in crypto and then all of a sudden you can't get your money out and it really I think messes with people's peace of mind so here we are at total value lock shows it just slightly under $4 billion that honestly may have changed um let's see if we refresh it see if it changes to the same thing that coin gecko was talking about yeah so it did it's it's you know renewed here total trading volume actually says much higher than um coin gecko was saying so cross chain compatibility ethereum arbitrum B&B optimism they've got a lot of different interoperability here that is really cool and brings a lot of people together from multiple different chains and ecosystems that they're in says core

technology yield tokenization split any yield bearing asset in in the separate yield and principal components for maximum control Pendle amm designed for yield trading with concentrated liquidity dual free structure and Ne negligable IL concern nillable I don't know why my mind does not want to say that word but you can read it on the screen for yourself lock Pendle for a stake in the protocol they have this ve Pendle um a lot of times when I see the ve that's usually a governance token and then they have Pendle documents I clicked on that before and it was said the website was pretty much unfound so you got binance Labs these are Partners um Spartan I've seen that before see can we go to the next one um crypto.com hash key I've heard of that before maybe you've heard of

some of these other ones that I haven't like maybe this l1d not sure what that is and yeah it really seems like it is a place for staking and earning yield how exactly they make the money in return that yield I'm not exactly sure right here you'll see launch app I've already clicked it so that it was loaded up because my computer has been acting super slow with the internet lately not a whole lot to see here obviously this is a web 3 type of website where you can connect your wallet get in here there's all these different pools or places to stake with and um yeah Stargate Lio you know eth do5 looks like they bring a lot of different things together flux I really like how they bring many different ecosystem type stuffff together in one place

so that you you know don't have to jump all over the place to do something simple and then of course it says you they have Pendle point so um supercharger points looks like maybe they highlight certain change sometime and if you staking in those chains maybe you get some extra yield that's pretty cool says liquidity shows you the liquidity in each one of these um I'm sure that multiple billion dollar number that they were giving us $4 billion is all of those added up the ve Pendle um I was right is a governance token so that is interesting and has taken us to another part of the website benefits of V Pendle so you can get you some governance tokens it can boost your liquidity provision your apy I can see why that would be useful will um receive

a share of protocol Revenue vote for pools or you know to channel incentives and receive swap fees from voted pools all right well that covers that they have a dashboard Community dashboard I haven't pre- explored a lot of this stuff so we are off the cuff here um average lock up is 415 days I don't think you have to be locked up that long it's seems like they're just saying that is the average that most people are locked up for and um here's some snapshots ongoing votes so this is some governance type things and some different pools that they are voting for so yeah I mean there's a lot of analytics here we're not going to go over all of them I would have to kind of really look over a lot of this stuff prior to doing the

video cuz I'm sure you don't want to sit here while I figure all of this out anyways so that's mostly what they have for us here audits um they have different audit reports so I mean it's nice they have six of them that that should be good I guess um I don't know a lot about who's like which Auditors are you know the best Auditors to look for I have no idea but you know it does say like rank first rank second rank third um chain link in ethereum trust this one alpaca and looks rare trust this one so they give us a little bit of something to understand what these Auditors are you know known for and that's pretty much the end of their website right there let's hop over to their Twitter with as much money as

they have in a market cap I'm sure their Twitter is up to par I'm telling you guys I apologize my internet has been super slow lately it seems like everybody's complaining about it I'm not real sure what the problem is we might not even get to it I don't want to make you guys wait too long and that's typical computer issues when it comes to recording all right looks like we might get somewhere my internet's never been this slow I have no idea what's going on out there in the land of you know Frontier Comcast geeez anyways Crypt Ron over here on Twitter _ crypto and that is at underground crypto with a underscore in front of it so we're going to go ahead and follow them here sorry for the delay 109,000 followers I'll be honest I expected

more followers I really did um the pin post from April 4th has 148,000 views and April 5th that's pretty good because you know that was only posted two days ago and it has 148,000 views um but this one posted on the 5th only has 13,000 views um swell looking to shift some yields at speed so there's all kinds of different things going on in this project I don't fully understand all of it but that is okay K crypto is huge it is hard to understand everything in every ecosystem in every project April 5th how much did this get 14,000 so of course as I suspected their Twitter checks out um they certainly have a lot of uh posting and engagement 109,000 followers all of that checks out and is good so I think that really wraps it up for

this project um oh wait they did have an education period I was hoping that they would kind of tell us a little bit more obviously this seems to be a staking um apy or what I guess we would call farming and a lot of different communities and and uh blockchains would consider this all farming I'm sure so you got your documents Pendle Academy a full-fledged Pendle University covering everything you need to know on how to use Pendle so if you're looking to get into this or um you know figure out how to do something maybe you're trying to get into a pool or something and you're not sure what you're doing this is probably a good place to go and then it says learn in the app a full guide for yield trading and deep dive into this intricacies

so maybe we'll check out the Pendle Academy real quick again internet is super slow I don't know what the issue with that is okay they got beginner intermediate Advance chapter one introduction to optimizing yield I'm not going to go through all of this as there are you know nine chapters here and who knows how much in each chapter but if you want to get some education in this we just went straight to their website you can get there from coin gecko you can get there from Twitter go to education takes you to this page where you can see documents their Pendle Academy or you can learn in the app all of those are you know places to learn more if you have questions all right guys this is more of a simple review this is a yield you know

staking platform in my opinion best of my knowledge and crypto Ron out