Introducing sPENDLE

Key Takeaways vePENDLE to be replaced by sPENDLE, a liquid staking token that removes multi-year locks in favor of a 14-day withdrawal period Protocol revenue is used for PENDLE buybacks, distributed to eligible sPENDLE holders The manual voting system will be upgraded to an algorithmic emission model, cutting PENDLE emissions by ~30% while delivering significantly better allocation efficiency Existing vePENDLE holders will receive an exclusive boosted sPENDLE of up to 4x (based on remaining loc