Pendle buys back 1.7M tokens, distributes $1.4M in airdrops to sPENDLE holders

Pendle Finance has repurchased over 1.72 million PENDLE tokens since January 2026, distributing them to sPENDLE stakers under a new tokenomics model that allocates up to 80% of protocol revenue to biweekly buybacks. The revamped system replaces the old vePENDLE lockup with a more liquid staking option featuring a 14-day withdrawal period, enhancing flexibility for holders. Additionally, sPENDLE holders have received about $1.4 million in airdrops from external protocols, benefiting from Pendle's integration in the DeFi ecosystem. This model ties protocol usage directly to token holder rewards, incentivizing participation and reflecting revenue growth in token buybacks and airdrops.