According to Foresight News , crypto yield trading platform Pendle has announced the launch of sPENDLE.
According to a previous Foresight News report, Pendle announced the launch of sPENDLE, abandoning vePENDLE. Following the token economic upgrade, PENDLE 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 instant redemption with a 5% fee. sPENDLE will be a composable, fungible token that can be integrated with any DApp. The vePENDLE lock-up mechanism will be suspended on January 29th.
