# Pendle

#### What is Pendle?

Pendle enables users to tokenize yield by splitting yield-bearing assets into principal and yield components, allowing them to fix rates, speculate on yield, or provide liquidity to time-decaying markets. Its custom AMM is purpose-built for yield assets, supporting sophisticated strategies that go far beyond simple swaps or passive farming.

#### What Actions Qualify for Gas Rebates?

Open Gas rebates gas fees for users who add liquidity to Pendle's asset pools. Providing liquidity on Pendle can be as simple as just a one-click transaction, allowing you to swap any assets you hold (e.g. USDC) into Pendle LP positions (e.g. Pendle LP-stETH). Similarly, you can even use other Pendle assets like PT or YT to deposit into a Pendle LP.

Click [here](https://docs.pendle.finance/pendle-academy/optimizing-yields-with-pendle/chapter-3.2-more-yield-via-liquidity-provision#how-to-start-earning) for more information on how to start earning with Pendle pools.

**Eligible Contracts & Functions:**

| **Contract**   | **Address**                                | **Function**                   | **Description**               | **Where to access**                                      |
| -------------- | ------------------------------------------ | ------------------------------ | ----------------------------- | -------------------------------------------------------- |
| PendleRouterV4 | 0x888888888889758F76e7103c6CbF23ABbF58F946 | <ul><li>addLiquidity</li></ul> | Add liquidity to Pendle pools | <https://app.pendle.finance/trade/pools?chains=ethereum> |

**How to Claim Your Rebate:**\
Head to the [Open Gas Claim Dashboard](https://ethgas.com/open-gas/claim) → Connect your wallet → Claim your ETH gas rebate.