Pendle has distributed an additional $7.49 million in CHIPS rewards to sPENDLE holders.
BlockBeats News, April 27, according to official sources, Pendle has announced the distribution of a total of 7.49 million US dollars in CHIPS to sPENDLE holders. This portion comes from protocol fee income. The distribution mechanism is based on a time-weighted calculation of users' sPENDLE holdings during the previous period (April 7 to April 20).
This CHIPS distribution is independent of the existing buyback reward mechanism and constitutes an additional yield allocation. In the future, Pendle will continue to enhance the yield structure for token holders through multiple methods such as fees and buybacks, aiming to improve the overall sustainability of the protocol's incentive system.
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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