Pendle Distributes $7.49M in CHIPS to sPENDLE Holders

KuCoinFlash

Release Time: 04/27/2026 11:35:39

PENDLE

$1.38814.49%

Summary

On April 27, Pendle announced the distribution of $7.49 million in CHIPS to sPENDLE holders as part of a protocol update. On-chain data revealed that the reward was calculated based on time-weighted sPENDLE holdings from April 7 to April 20 and was funded by protocol fee revenue. This incentive is separate from the existing buyback mechanism and is designed to enhance token holder rewards through fees and buybacks.

BlockBeats news, on April 27, according to official announcements, Pendle has distributed a total of $7.49 million in CHIPS to sPENDLE holders, sourced from protocol fee revenue. This distribution was allocated based on time-weighted sPENDLE holdings during the previous period (April 7 to April 20).

This CHIPS distribution is independent of the existing buyback reward mechanism and constitutes additional yield allocation. In the future, Pendle will continue to enhance token holders' yield structure through multiple channels such as fees and buybacks, to improve the overall sustainability of the protocol’s incentive system.

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