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$7.49 million in rewards have been distributed! Pendle once again "gives red envelopes" to token holders
DeFi yield protocol Pendle announced that it has distributed a total of approximately $7.49 million in CHIPS rewards to sPENDLE holders, with funds mainly coming from protocol fee income.
This distribution was calculated based on the time-weighted proportion of user sPENDLE holdings during the previous period from April 7 to April 20, meaning the longer and more stable the holding period, the more rewards are earned.
It is worth noting that this round of CHIPS distribution is independent of the existing token buyback reward mechanism and is an additional income.
In the future, Pendle plans to continue establishing a more stable and sustainable income system for token holders through various methods such as fee distribution + buyback mechanisms.
In the DeFi world, truly viable protocols are not just about storytelling but continuously giving back real income to users.
Time rewards the patient, and value will flow to projects that truly generate cash flow. ๐#WCTCไบคๆ็PK #ๅ ๅฏๅธๅบๅฐๅน ไธ่ท #Polymarketๆฏๆฅ็ญ็น $AXS $ZEC $HYPE