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Over 3 million ethereum:0x808507121b80c02388fad14726482e061b8da827 bought back in just 8 months. Since the launch of sPENDLE, buybacks have continued to grow, and there’s another interesting detail worth paying attention to. The buyback rate is now 6x higher than V2 emissions. In simple terms, for every 1 PENDLE issued through V2 emissions, 6 PENDLE are bought back from the open market and distributed to sPENDLE stakers. This means the buyback mechanism is purchasing significantly more tokens than V2 emissions are releasing. A milestone worth watching as the $PENDLE ecosystem continues to develop.

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