Finally @Pendle killed veTokenomics.

sPendle crossed $12.8M within 10 days because the old model assumed rational actors and ~50%+ of rewards use to go to the 10 lowest performing pools.

Now AIM is coming tomorrow and fresh pools get 21 days of support. After that, no fees = no rewards.

‣ Holders → 30% emission cut + buyback pressure

‣ LPs → rewards tied to actual usage

‣ Pendle → higher margins, tighter tokenomics

It still has $3.47B TVL with a P/F of 34.26 and had ~$18.75M in profits last year.

$PENDLE only goes out if value flows back in. And this is what real token ownership looks like.

PENDLE

1.3

+0.38%