On February 5th, Pendle announced that its sPENDLE buyback mechanism will officially launch next Monday (February 9th, 2026). The first batch of sPENDLE rewards will be distributed on February 13th. Rewards will be calculated on a time-weighted basis, accumulating from 00:00 UTC on January 29th, 2026, including previously undistributed airdrops related to Pendle transaction fees. Subsequent rounds of distribution will also be time-weighted relative to the previous round. Users can view and claim rewards in the Pendle app.
Pendle has announced that the sPENDLE buyback program will officially launch on February 9th, with the first batch of rewards to be distributed on February 13th.
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