Pendle 将推出 sPENDLE，并弃用 vePENDLE

Foresight News reports that the crypto yield trading platform Pendle announced it will upgrade its native token economy and launch sPENDLE. The upgraded PENDLE token will bring new solutions to the ecosystem: protocol revenue will be used to buy back PENDLE tokens and distribute them to active sPENDLE holders; sPENDLE supports a 14-day no-penalty exit period or immediate redemption with a 5% fee; sPENDLE will be a composable, fungible token that can be integrated with any DApp; the existing manual voting will be upgraded to an algorithmic emission model, aiming to increase distribution efficiency while reducing PENDLE emissions by 20 to 30%.

Additionally, the vePENDLE lock-up mechanism will be suspended on January 29. Before that, users holding vePENDLE will receive a special multiplier (up to 4x) on their virtual sPENDLE balance based on the remaining lock-up period. Rewards will be distributed based on this virtual sPENDLE balance, allowing vePENDLE holders to earn higher returns during the transition period.