Latest Pendle (PENDLE) News Update

Deep Dive

1. sPENDLE Token Upgrade (29 January 2026)

Overview: Pendle shifts from vePENDLE to sPENDLE, introducing liquid staking with 14-day withdrawals (or instant access for a 5% fee). This upgrade includes protocol revenue buybacks for sPENDLE holders and algorithmic emissions targeting a 20-30% reduction in token inflation. Existing vePENDLE locks convert to sPENDLE with up to 4x multipliers based on remaining lock duration.
What this means: This is bullish for PENDLE because it enhances capital efficiency and attracts broader DeFi participation by simplifying staking mechanics. However, transitional risks like temporary sell pressure from unlocked tokens could create volatility.

2. Boros Expansion (2026)

Overview: Boros, Pendle’s platform for tokenizing perpetual futures funding rates, will expand with new assets like NVDAUSDC-Hyperliquid and target the $150B+ derivatives market. Current metrics show $6.9B open interest and $301K in fees after four months.
What this means: This is bullish for PENDLE because capturing derivatives yield diversifies revenue streams and positions Pendle as a fixed-income hub. Risks include reliance on crypto derivatives growth and competition from platforms like Hyperliquid.

3. Citadels & Multi-Chain Growth (2026)

Overview: Citadels offers KYC/Sharia-compliant yield products for institutions, while Pendle expands to Solana, TON, and non-EVM chains. Recent HyperEVM integration hit $515M TVL in 2.5 weeks.
What this means: This is bullish for PENDLE because institutional inflows could boost TVL and fee revenue. Bearish if regulatory hurdles delay adoption or fragment liquidity across chains.

Conclusion

Pendle’s roadmap prioritizes scalability and institutional access, with sPENDLE’s liquidity upgrade and Boros’ derivatives expansion as near-term catalysts. Watch for TVL growth post-upgrade and cross-chain traction—could Pendle become DeFi’s primary yield layer by 2027?

Deep Dive

1. sPENDLE Launch (20 January 2026)

Overview: Pendle replaced its vePENDLE governance token with sPENDLE, a liquid staking derivative, to address low adoption caused by rigid lock-up periods.

The upgrade introduces a 14-day withdrawal period (or instant exit for a 5% fee), making governance participation more flexible. Existing vePENDLE holders receive a loyalty multiplier (up to 4x) based on remaining lock time, ensuring fair rewards during the transition.

What this means: This is bullish for PENDLE because it lowers barriers to governance participation, potentially attracting more users and liquidity. Reduced lock-up friction could improve token velocity and DeFi integrations.
(Source)

2. Algorithmic Emissions (29 January 2026)

Overview: Pendle shifted from manual gauge voting to an algorithmic model for emissions, targeting a 20-30% reduction in PENDLE supply growth.

Emissions now align with protocol KPIs (e.g., liquidity depth, trading volume) instead of voter activity. This eliminates weekly voting requirements that previously concentrated rewards among experts.

What this means: This is neutral for PENDLE—while reduced emissions could curb inflation, success depends on whether KPIs accurately reflect ecosystem health. Retail users benefit from simplified rewards without active governance.
(Source)

3. Governance Simplification (29 January 2026)

Overview: Governance now requires voting only during Pendle Protocol Proposals (PPP), with automatic eligibility between proposals.

Up to 80% of protocol revenue ($37M in 2025) funds PENDLE buybacks, distributed to active sPENDLE holders. LP boosts are phased out, focusing incentives on core metrics.

What this means: This is bullish for PENDLE because buybacks could increase token scarcity, while simplified rules may broaden governance participation. However, reduced LP rewards might temporarily impact liquidity.
(Source)

Conclusion

Pendle’s updates prioritize liquidity, accessibility, and sustainable tokenomics—key for scaling its $5.7B TVL yield platform. The shift from vePENDLE’s restrictive model to sPENDLE’s liquid governance could attract new capital, but emission cuts and LP changes need careful monitoring. Will simplified governance sustain Pendle’s position as a top-5 DeFi protocol?

Deep Dive

1. @Adanigj: Whale Exit Signals Weakened Conviction bearish

"Pendle (PENDLE) went down 10.0 percent in the last 24 hours on Binance Futures." – @Adanigj (1.2K followers · 2025-12-23 12:28 UTC) View original post What this means: This is bearish for PENDLE because it highlights a sharp, recent price drop, confirming ongoing selling pressure and negative short-term momentum in the derivatives market.

2. @Nicat053nn: Championing Pendle's Yield-Tokenization Dominance bullish

"Pendle ($PENDLE) is regaining momentum as demand for yield-tokenization accelerates, establishing itself as the leading RWA... and LST... yield marketplace." – @Nicat053nn (11.4K followers · 2025-12-03 06:25 UTC) View original post What this means: This is bullish for PENDLE because it frames the token as a fundamental infrastructure play, with growth driven by institutional adoption of tokenized real-world yields and liquid staking tokens, supporting a long-term value thesis.

3. @UgurTash: Technical Focus on the $2.00 Support Battle mixed

"ONDO kapıyı açtı, peki içerideki para nasıl hareket edecek? PENDLE işte tam burada devreye giriyor... Fiyat 2025 boyunca dalgalandı... esas arkadaki TVL artışına... bakmak gerek." – @UgurTash (3.8K followers · 2025-12-28 11:22 UTC) View original post What this means: This presents a mixed view for PENDLE. While it acknowledges recent price volatility, it argues the protocol's true value lies in its foundational role in the institutional yield economy and growing TVL, making the defense of the $2.00 support a critical technical inflection point.

Conclusion

The consensus on PENDLE is mixed but cautiously bearish in the near term. Sentiment is split between those focused on recent whale exits and price weakness and long-term advocates who see its yield-tokenization infrastructure as irreplaceable. The key metric to watch is the $2.00 support level; a sustained hold could rebuild bullish confidence, while a breakdown may trigger further declines.

Deep Dive

1. sPENDLE Replaces vePENDLE (20 January 2026)

Overview: Pendle announced a fundamental shift from its vePENDLE governance model, which required multi-year lockups and complex weekly voting, to a new liquid staking token called sPENDLE. The update aims to solve low participation—only 20% of the supply was engaged—and capital inefficiency. Key changes include a 14-day withdrawal period (or instant exit for a 5% fee), the use of up to 80% of protocol revenue for PENDLE buybacks distributed to active sPENDLE holders, and a shift from manual voting to an algorithmic emissions model targeting a 20-30% reduction in token emissions.

What this means: This is bullish for PENDLE because it lowers barriers to entry, potentially attracting more users and capital to the protocol. The direct revenue distribution and reduced sell pressure from lower emissions could provide fundamental support for the token's value. (CoinMarketCap)

2. Transition Snapshot Set for 29 January (21 January 2026)

Overview: The protocol has set a clear timeline for its tokenomics transition. New vePENDLE locks will be paused on 29 January 2026 at 00:00 UTC, at which point a snapshot of existing holder balances will be taken. Loyalty boosts of up to 4x will be applied to users' virtual sPENDLE balance based on their remaining lock duration, with this boost decaying linearly over time. This marks the official start of the new sPENDLE incentive structure.

What this means: This provides certainty for existing stakeholders and is designed to reward long-term commitment during the shift. The decaying boost mechanism incentivizes continued participation while smoothly phasing out the old system, aiming to maintain governance stability. (Icryptan)

Conclusion

Pendle's latest moves are a decisive pivot towards greater liquidity and user-friendly governance, addressing past adoption hurdles. Will the new sPENDLE model successfully catalyze the next wave of growth for its yield-trading ecosystem?