BlockBeats News, April 27th: According to official sources, Pendle has announced the distribution of a total of $7.49 million worth of CHIPS to sPENDLE holders, part of which is from protocol fee revenue. The distribution mechanism this time is based on a time-weighted calculation of sPENDLE holdings by users in the previous period (April 7th to April 20th).This CHIPS distribution is independent of the existing buyback reward mechanism and constitutes additional yield distribution. In the future, Pendle will continue to enhance token holders' earnings structure through multiple means such as fees and buybacks to improve the overall sustainability of the protocol's incentive system.
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Pendle has distributed an additional $7.49 million CHIPS reward to sPENDLE holders
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