Summary
- Pendle said it distributed 7.49 million CHIPS in protocol fee-based tokens to sPENDLE holders.
- The distribution was allocated proportionally using a time-weighted method based on sPENDLE holdings from April 7 to April 20.
- Pendle said the payout was an additional reward separate from its existing buyback rewards, a structure designed to strengthen incentives for long-term holding.
Forecast Trend Report by Period
DeFi protocol Pendle distributed protocol fee-based tokens to sPENDLE holders.
Pendle wrote on X on April 27 that a total of 7.49 million CHIPS had been distributed to sPENDLE holders.
The distribution was allocated proportionally using a time-weighted method based on sPENDLE balances held from April 7 to April 20.
It said the payout was an additional reward, separate from the protocol's existing buyback rewards.
The structure returns protocol fees to token holders and is designed to strengthen incentives for long-term holding.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
