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BIG UPDATE: $PENDLE
Pendle (@pendle_fi) continues to strengthen its fundamentals with increasingly solid tokenomics.
In the 6 months since the launch of sPENDLE, $PENDLE has:
• Bought back more than 2 million $PENDLE
• Reached an all-time high in the amount of $PENDLE staked
• Cut token emissions by 71%, far exceeding the initial target of 30%
Today, $PENDLE emissions are at the lowest level in history, while every token is working far more efficiently than before (Bullish).
Backed by: fees, buybacks, and airdrops, the sPENDLE ecosystem continues to deliver more value for stakers.
New supply is getting scarcer, buybacks keep running, and the number of tokens staked continues to rise (ATH).
Long-term bullish for $PENDLE ?