Pendle?has announced that it is launching V2 as a new and upgraded version of its protocol, which is set to feature a better user experience, an updated AMM, permissionless market creation, and many other functions.

The Pendle protocol is aiming to bridge the fixed-income industry worth over $6 trillion into the decentralized finance space. The yield-tokenization of yield-bearing assets is the key focus of Pendle through the use of Principal and Yield components which are analogous to zero-coupon bonds and coupon payments, respectively.

Through Pendle’s in-house Automated Market Maker (AMM), Pendle allows its users to trade yield without the risk of losses related to time decay, expand investment opportunities speculating on yield, and control yield rates along with minimum risk.

V2 is focused on underscoring the importance of decentralization and the permissionless approach to integrate assets in Pendle. The implementation of the EIP-5115 standard led by the Pendle team is another step in the given direction of allowing seamless and permissionless integration of any yield asset onto the protocol.

With its new and upgraded interface, V2 ushers users to a streamlined and comprehensive dashboard that does away with any complicated elements, allowing platform participants to focus solely on yield tokenization and trading.