Pendle ecosystem undergoes a key upgrade—transitioning from vePENDLE to sPENDLE mechanism. This is not just a minor change but opens new possibilities for the entire ecosystem.



What is the most intuitive change? Significantly enhanced flexibility and composability. What does this mean?

For ordinary users, sPENDLE can now be used as collateral to support the issuance of self-repaying loans. Your staked assets are no longer static but can flow within DeFi building blocks.

For institutions and funds, this upgrade opens the door. Previously, Pendle's model might have been misaligned with their investment frameworks. Now, the design of sPENDLE better aligns with institutional risk management and compliance requirements, giving them a reason to participate.

In simple terms, this is an upgrade in ecosystem inclusivity—from a single user group to a broader range of participants. Pendle's growth potential is thus redefined.
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