Pendle Finance has surpassed 100 million staked tokens, representing 36% of its total supply, after replacing its vePENDLE lockup model with the more flexible sPENDLE liquid staking system. This change increased staking participation from 20% to 36%, while an Algorithmic Incentive Module cut token emissions by 71%, far exceeding the initial 30% target. The protocol also conducted buybacks and airdrops to reward stakers, reducing circulating supply and tightening token float. Investors should monitor staking growth and the sustainability of buybacks, noting risks like potential sell pressure during market crashes due to the 14-day withdrawal period.

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PENDLE rallies 12% with strong volume, eyes key resistance for next breakout

PENDLE token gained 12% in 24 hours supported by a 50% rise in trading volume, signaling stronger market interest. It broke above the first resistance at $1.458 and is approaching the next at $1.475, with a potential move to $1.53 if it sustains abov...

Technical Signals

Bullish

2 days ago