2026-01-20 06:37:11

Pendle ecosystem undergoes a key upgrade—transitioning from vePENDLE to sPENDLE mechanism. This is not just a minor change but opens new possibilities for the entire ecosystem.

What is the most intuitive change? Significantly enhanced flexibility and composability. What does this mean?

For ordinary users, sPENDLE can now be used as collateral to support the issuance of self-repaying loans. Your staked assets are no longer static but can flow within DeFi building blocks.

For institutions and funds, this upgrade opens the door. Previously, Pendle's model might have been misaligned with their investment frameworks. Now, the design of sPENDLE better aligns with institutional risk management and compliance requirements, giving them a reason to participate.

In simple terms, this is an upgrade in ecosystem inclusivity—from a single user group to a broader range of participants. Pendle's growth potential is thus redefined.

PENDLE-3,69%

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FarmToRiches

· 01-23 03:59

Wow, can sPENDLE be used as collateral? Now pledged assets are really coming to life...

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DegenWhisperer

· 01-21 21:33

Finally waiting for this upgrade... The vePENDLE system was a bit rigid, but now sPENDLE can flow smoothly, which is really much better.

If institutions can truly enter this space, Pendle will have found its second growth curve.

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GasFeeNightmare

· 01-20 18:29

Wait, can sPENDLE be used as collateral? That means I have to recalculate my gas war costs... I have to stay up late again.

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LiquidityWhisperer

· 01-20 07:07

Oops, can sPENDLE be used as collateral now? This makes staked assets truly alive, no longer as rigid as before.

This institutional-friendly step was actually long overdue; Pendle has finally remembered this aspect.

Honestly, from vePENDLE to sPENDLE, the key is whether they can truly expand those lending scenarios in the future, otherwise it's just a paper reform.

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screenshot_gains

· 01-20 07:06

Oops, can sPENDLE really be used as collateral? Now the staked assets are tangible and no longer just idle.

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ImpermanentLossEnjoyer

· 01-20 07:06

Oh wow, sPENDLE can now be used as collateral? Now assets are coming to life, no longer as rigid and inflexible as before.

Institutions finally have a reason to come in. This upgrade really has some substance.

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HashRateHustler

· 01-20 06:49

Finally seeing some action from Pendle. The vePENDLE setup has long needed an overhaul; it's way too stiff. The key is for sPENDLE to become more liquid, so we no longer have to hoard and let it gather dust.

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Institutional entry? Hmm... sounds good, but will real money actually come in, or is it just another wave of empty marketing talk?

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The self-repaying loan part is interesting, as it finds a real use case for sPENDLE. But Pendle needs to manage the risk itself—don’t rush in headlong.

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Increasing liquidity is true, but can the ecosystem really support it? The crucial thing is whether TVL and trading depth can keep up.

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From single to diversified, sounds nice, but the real question is whether user experience has improved. Complexity has increased—what about usability?

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FlashLoanLarry

· 01-20 06:48

ngl the sPENDLE pivot is basically just optimizing capital utilization across the stack... if institutions finally wake up to composability, thesis gets validated hard. but let's see if the liquidity depth actually holds when vol spikes—that's where most "upgrades" fall apart, fr fr.

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