Pendle Introduces sPENDLE Governance Token to Enhance User Participation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 20 2026- Governance Overhaul: Pendle is replacing vePENDLE with the new sPENDLE token to address long-standing user participation barriers, which is expected to enhance governance engagement and liquidity.
- Liquidity and Stability Balance: The 14-day withdrawal window for sPENDLE allows users to manage funds more flexibly while participating in governance, thereby reducing the liquidity constraints imposed by the previous vePENDLE model.
- Cross-Platform Integration: sPENDLE will be integrated with various DeFi ecosystems, enabling functionalities like restaking, aimed at broadening the token's applicability and enhancing user participation in multi-protocol strategies, thereby increasing Pendle's influence in the DeFi market.
- Simplified Governance Rewards: Under the new framework, governance rewards will hinge on participation in “critical” Pendle Protocol Proposals, reducing reliance on complex voting mechanics and making it easier for more users to engage in governance, thus enhancing the token's appeal.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
