Total Voting Power1.71M vePENDLE4.77% of total supply
Total Boosted Power1.71M vePENDLE4.77% of total supply
Peg90.23%For 2.00k sdPENDLE
TLDR: Pendle has transitioned from vePENDLE to sPENDLE. Staked sdPENDLE holders continue earning boosted rewards, no action required. Minting is now disabled, trading remains available via secondary market.
Pendle is phasing out vePENDLE in favor of sPENDLE. What's Changing?
For sdPENDLE: rewards continue. sdPENDLE will be redeemable 1:1 for PENDLE in February 2028, when the vePENDLE lock expires.- 14-day unstaking (or instant exit for 5% fee)
- 80%+ of protocol revenue via PENDLE buybacks
- Periodic voting required for rewards eligibility
- vePENDLE locks paused January 29.
sPENDLE
sdPENDLE