Pendle: sPENDLE is now live, replacing vePENDLE
Foresight News reports that the crypto yield trading platform Pendle has announced that sPENDLE is now live.
According to previous Foresight News reports, Pendle announced the launch of sPENDLE and the discontinuation of vePENDLE. After the tokenomics upgrade, PENDLE protocol revenue will be used to buy back PENDLE tokens and distribute them to active sPENDLE holders. sPENDLE supports a 14-day penalty-free exit period or an immediate redemption with a 5% fee. sPENDLE will be a composable, fungible token that can be integrated with any DApp. The vePENDLE locking mechanism will be suspended on January 29.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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