Cointelegraph••1 min read
DeFi Protocol **Pendle** Revamps Governance Token, Aims to Boost Adoption
The decentralized finance (DeFi) protocol Pendle is set to phase out its current governance token, vePENDLE, and introduce a new token, sPENDLE, this month. According to reports, the move is aimed at improving adoption through a more flexible model. The development reflects ongoing efforts within the DeFi space to refine governance mechanisms and enhance user participation. The transition indicates a strategic shift to address challenges related to token utility and community engagement within the Pendle ecosystem.
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