Pendle launches sPENDLE liquid staking token: reducing lock-up period from several years to 14 days

DeepFlowTech · 2026-01-20T14:14:00+00:00

DeFi project Pendle announces the launch of a new liquid staking token sPENDLE, replacing the vePENDLE locking mechanism, with a withdrawal period shortened to 14 days, and introducing a transferable token feature. The new system is expected to reduce overall emissions by 30% and offer up to 4 times the rewards for existing vePENDLE holders.

DeepFlowTech

2026-01-20 14:14:00

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Deep Tide TechFlow News, January 20, according to The Block, DeFi project Pendle announced the launch of sPENDLE liquid staking tokens, officially replacing the original vePENDLE multi-year locking mechanism. The new system shortens the withdrawal period from several years to 14 days, while introducing transferable and composable token features to simplify user participation. According to Pendle, the original vePENDLE system only attracted about 20% of the token supply to participate, making it the lowest among similar models. The new mechanism will utilize up to 80% of protocol revenue for PENDLE buybacks and introduce an algorithmic emission model, which is expected to reduce overall emissions by approximately 30%. Existing vePENDLE holders will receive rewards up to 4 times based on their remaining lock-up period, with the multiplier linearly decreasing over two years.

PENDLE3.21%

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