Pendle Replaces vePENDLE With New sPENDLE Governance Token to Boost Adoption
DeFi yield platform Pendle is phasing out its vePENDLE governance token in favor of sPENDLE, a new liquid staking token designed to address adoption barriers that plagued the previous system. Pendle announced the transition via X on Monday, stating that sPENDLE will become the protocol’s primary governance and reward token. The new token features a…
