coin-img-ELSAELSA+170.00%coin-img-XAUTXAUT+1.86%coin-img-ASTERASTER-4.65%coin-img-HYPEHYPE-9.41%coin-img-UNIUNI-4.68%coin-img-ETHETH-6.62%coin-img-BTCBTC-3.40%coin-img-SOLSOL-5.30%coin-img-ELSAELSA+170.00%coin-img-XAUTXAUT+1.86%coin-img-ASTERASTER-4.65%coin-img-HYPEHYPE-9.41%coin-img-UNIUNI-4.68%coin-img-ETHETH-6.62%coin-img-BTCBTC-3.40%coin-img-SOLSOL-5.30%coin-img-ELSAELSA+170.00%coin-img-XAUTXAUT+1.86%coin-img-ASTERASTER-4.65%coin-img-HYPEHYPE-9.41%coin-img-UNIUNI-4.68%coin-img-ETHETH-6.62%coin-img-BTCBTC-3.40%coin-img-SOLSOL-5.30%coin-img-ELSAELSA+170.00%coin-img-XAUTXAUT+1.86%coin-img-ASTERASTER-4.65%coin-img-HYPEHYPE-9.41%coin-img-UNIUNI-4.68%coin-img-ETHETH-6.62%coin-img-BTCBTC-3.40%coin-img-SOLSOL-5.30%
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Chainwire

Pendle Unveils sPENDLE Token Upgrade with 2025 TVL Peaking at $13.4B and New Boros Integration

On January 20th, 2026 in Singapore, Pendle announced a major upgrade to its native token with the introduction of sPENDLE, designed to deepen liquidity, streamline governance, and refine its revenue model. In 2025 the protocol reported an average TVL of about $5.7B, a peak TVL near $13.4B, and roughly $44.6M in total fees, alongside growing activity from the Boros onchain funding rate venue. The new token mechanics include buybacks funded by protocol revenue, a 14-day withdrawal period or instant redemption fee, and an algorithmic emission system that reduces PENDLE emissions while enhancing allocation efficiency.
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PENDLE-3.90%
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