Pendle

Pendle Finance

Explore Pendle (PENDLE) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

Pendle (PENDLE) Token Rights & Governance

80% of protocol revenue goes to PENDLE buybacks and is distributed amongst active sPENDLE holders

sPENDLE is Pendle’s native governance token that includes voting power and revenue share. sPENDLE has a 14-day unstaking cooldown, or instant redemption for a 5% fee

PENDLE is the native governance and utility token of the Pendle Finance DeFi protocol for trading tokenized future yields. sPENDLE is its liquid staking version obtained by staking PENDLE, granting holders governance power and protocol revenue share.