Published & Updated: January 20, 2026
On January 20, 2026, Pendle Protocol officially launched sPENDLE, replacing the restrictive vePENDLE vote-escrowed model with a fully liquid staking token featuring a 14-day exit period. This upgrade slashes algorithmic emissions by ~30%, redirects protocol revenue to PENDLE buybacks for stakers, and eliminates multi-year locks that previously deterred participation. Existing vePENDLE holders receive up to 4× boosted sPENDLE balances via the January 29, 2026 snapshot, driving immediate migration and renewed momentum toward $2.35 resistance. This guide explains what sPENDLE is, how to stake it, yield calculations, risks, and how Tapbit users can combine staking with spot/futures trading for maximum efficiency.
sPENDLE vs vePENDLE – Key Differences at a Glance
| Feature | vePENDLE (Old Model) | sPENDLE (New Model – 2026) | Impact on Users |
|---|---|---|---|
| Liquidity | Locked 1–24 months | Fully liquid (trade anytime) | Higher flexibility, easier exit |
| Exit Period | Full lock duration | 14-day cooldown | Short wait vs permanent lock |
| Emissions | High inflationary | Reduced ~30% | Less dilution pressure |
| Rewards Source | VeToken voting | Revenue-funded PENDLE buybacks | More sustainable yield |
| Boost Multiplier (Snapshot) | N/A | Up to 4× for vePENDLE holders | Migration incentive |
Why Pendle Launched sPENDLE – Core Objectives
- Remove friction: Multi-year locks deterred retail & DeFi users → liquid staking increases participation
- Reduce inflation: 30% emissions cut + revenue buybacks → more sustainable tokenomics
- Boost TVL & protocol revenue: Liquid sPENDLE expected to drive higher staking volume and fee capture
- Attract institutional & yield farmers: 14-day exit + buyback mechanism appeals to risk-averse capital
How to Stake sPENDLE – Step-by-Step Guide (2026)
- Connect Wallet: Use Pendle app (app.pendle.finance) with MetaMask, WalletConnect, or Rabby
- Convert PENDLE → sPENDLE: Deposit PENDLE → receive sPENDLE (instant for new deposits)
- Stake sPENDLE: Navigate to staking section → approve & stake → receive staking rewards
- Monitor Rewards: Rewards accrue from PENDLE buybacks funded by protocol fees
- Exit Process: Request unstake → 14-day cooldown → redeem sPENDLE for PENDLE
Tapbit users tip: Trade PENDLE spot or futures on Tapbit (0% spot trading fees) to hedge staking exposure or capture volatility during migration.
Yield & Reward Mechanics – Realistic 2026 Expectations
- Base APY: Expected 8–18% (from buybacks)
- Boosted APY: Up to 4× for vePENDLE migrators (snapshot Jan 29, 2026)
- Reward Source: 100% protocol revenue → weekly PENDLE buybacks → distributed to stakers
- Inflation Reduction: ~30% lower emissions → less sell pressure long-term
Risks & Considerations for sPENDLE Stakers
- 14-day exit lock → not fully instant liquidity
- Protocol revenue dependency → low fees = lower buybacks
- PENDLE price volatility → staking rewards can be offset by token drawdown
- Smart contract risk → audit reports available, but no protocol is 100% risk-free
How Tapbit Traders Can Maximize sPENDLE Opportunities
- Create your Tapbit account (0% maker fees)
- Trade PENDLE/USDT spot
- Buy PENDLE dips during migration volatility → stake on Pendle for boosted APY
- Monitor Pendle governance & revenue updates via Tapbit News
Conclusion
Pendle’s launch of sPENDLE on January 20, 2026 replaces the restrictive vePENDLE lock model with liquid staking, a 14-day exit window, 30% emissions reduction, and revenue-funded PENDLE buybacks — a major upgrade for DeFi yield farmers and governance participants. The January 29 snapshot offers up to 4× boost for early migrators, creating immediate trading volume and momentum toward **$2.35 resistance. For Tapbit users, combining PENDLE spot trading (0% spot trading fees) with sPENDLE staking offers one of the most capital-efficient ways to capture this yield upgrade cycle.
Ready to trade PENDLE & stake sPENDLE? Sign up on Tapbit now → Live PENDLE/USDT Charts & Futures
Disclaimer: This article is for informational purposes only and does not constitute investment or financial advice. Cryptocurrency and DeFi protocols carry extreme risk of loss — staking and yield farming are not guaranteed. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.
