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Pendle Distributes Additional $7.49 Million CHIPS to sPENDLE Holders
On April 27, Pendle announced that it has distributed a total of $7.49 million in CHIPS to sPENDLE holders, sourced from protocol fee revenue. This distribution mechanism is based on a time-weighted calculation of users’ sPENDLE holdings during the previous period (from April 7 to April 20). This CHIPS distribution is independent of the existing buyback reward mechanism and represents an additional profit distribution. In the future, Pendle will continue to enhance the earnings structure for token holders through multiple methods, including fees and buybacks, to improve the sustainability of the overall incentive system.