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Pendle has distributed an additional $7.49 million CHIPS reward to sPENDLE holders
BlockBeats News, April 27 — According to official news, Pendle announced that it has distributed a total of $7.49 million worth of CHIPS to sPENDLE holders, which comes from protocol fee revenue. This distribution mechanism is based on the results of a time-weighted calculation of users’ sPENDLE holdings during the previous cycle (April 7 to April 20).
This CHIPS distribution is independent of the existing buyback reward mechanism and is an additional revenue distribution. In the future, Pendle will continue to enhance token holders’ income structure through multiple approaches, such as fees and buybacks, to improve the overall sustainability of the protocol’s incentive system.