Pendle introduces new governance token sPENDLE

DeFi yield protocol Pendle (PENDLE) has announced the introduction of sPENDLE, a new liquid staking token set to replace its existing governance reward token, vePENDLE. According to Cointelegraph, Pendle stated that unlike vePENDLE, the new sPENDLE token can be withdrawn at any time after a 14-day waiting period, even while locked. The token also supports integration with other DeFi protocols and restaking. Pendle added that sPENDLE is designed to address the key limitations of the previous token and create new opportunities for both PENDLE holders and the protocol.