A Backorder is an order that cannot be processed at the given time due to the lack of resources available. Backorders occur when there is high demand for a product or when a company is struggling with resources and supplies. Therefore, orders coming in that can’t be completed at the given time are called backorders that need to be processed.
Pendle
Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
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