We are happy to share a fantastic new achievement for $PENDLE. In the roughly 8 months since sPENDLE was introduced, the total volume of buybacks has successfully surpassed 3 million PENDLE.
Furthermore, the rate of these buybacks is currently outperforming V2 emission levels by a factor of 6x. To put this into clear perspective, for every single PENDLE that is emitted, 6 more are purchased directly from the open market. These acquired tokens are then distributed straight to sPENDLE stakers.
Furthermore, the rate of these buybacks is currently outperforming V2 emission levels by a factor of 6x. To put this into clear perspective, for every single PENDLE that is emitted, 6 more are purchased directly from the open market. These acquired tokens are then distributed straight to sPENDLE stakers.
