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Pendle has distributed an additional $7.49 million CHIPS reward to sPENDLE holders

2026.04.27 19:35:45

April 27 — Pendle has announced it will distribute $7.49 million worth of CHIPS to sPENDLE holders, with funds sourced from the protocol’s fee revenue. The allocation is calculated using time-weighted sPENDLE holdings between April 7 and April 20. This CHIPS distribution is separate from the existing buyback reward mechanism and represents an additional yield for holders. Going forward, Pendle will continue to enhance its token holder reward structure via multiple channels (including fees and buybacks) to boost the sustainability of the protocol’s incentive system.
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