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Pendle Announces Token Upgrade as Its DeFi Yield Platform Scales
Pendle replaces vePENDLE with sPENDLE, cutting emissions 20-30%, enabling 14-day unstaking, and linking protocol revenue to token buybacks for active holders.
- In a Singapore press release on January 20, 2026, Pendle announced an upgrade introducing sPENDLE, a staked token replacing the vePENDLE model across the protocol.
- Pendle says the upgrade removes long, inflexible vePENDLE lockups while keeping incentives aligned with protocol growth, and Boros, an onchain funding-rates venue, acted as a catalyst by opening funding-rate yield exposure.
- Staking PENDLE token will let holders receive sPENDLE, which can be unstaked after 14 days or redeemed instantly for a 5% fee, while vePENDLE locks will be paused on January 29, 2026 with up to 4x multipliers.
- Rewards will be distributed based on virtual sPENDLE balances, allowing existing vePENDLE holders to receive temporary boosts while protocol revenue funds PENDLE buybacks for active sPENDLE holders.
- Supported by 2025 performance metrics, Pendle posted average TVL ~$5.7B, peak TVL ~$13.4B, total fees ~$44.6M, while Boros reached ~$6.9B open interest and ~$301K fees.
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21 Articles
21 Articles
Pendle Announces Token Upgrade as Its DeFi Yield Platform Scales
Singapore, Singapore, January 20th, 2026, ChainwirePendle, The world's largest crypto yield trading platform, has announced an upgrade to its native token, introducing sPENDLE. The update is intended to unlock deeper
·New York, United States
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Pendle Announces Major Upgrade to Its Token as Its DeFi Yield Platform Scales
World’s largest crypto yield trading platform Pendle has announced a major upgrade to its native token, sPENDLE, as it continues advancing its ecosystem. According to the announcement, the update seeks to unlock deeper liquidity, diversify revenue streams, and strengthen Pendle’s position within the on-chain yield and rates segment. While the move has been supported by […]
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Total News Sources21
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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