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Data: If BTC breaks through $94,149, the total liquidation strength of mainstream CEX short positions will reach $2.47 billion.
8m ago
Data: If ETH breaks through $3,142, the total liquidation strength of mainstream CEX short positions will reach $1.272 billion.
8m ago
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Pendle introduces the sPENDLE mechanism, replacing vePENDLE with liquid staking
PANews January 20 News, according to Pendle’s official announcement, vePENDLE will be fully replaced by the sPENDLE mechanism. sPENDLE is a transferable, composable liquidity staking token with a 14-day exit period. Protocol revenue will be used to buy back PENDLE and distribute to active sPENDLE holders, while those not participating in governance will forfeit their current rewards. The original manual voting emission mechanism will be upgraded to an algorithmic model, expected to reduce emissions by 30%. A snapshot of existing vePENDLE will be taken on January 29, and based on the remaining lock-up time, a virtual sPENDLE bonus of up to 4x will be granted, with a gradual transition over two years.