Pendle Selected for Fortune's Crypto Innovators List Among 30 Strongest Nominees

PENDLE-3.18%

According to BlockBeats, Pendle was selected for Fortune magazine's crypto innovators list on June 16, standing out from over 150 nominations alongside traditional financial institutions including State Street, DBS Bank, and SBI Holdings.

Pendle's protocol currently locks billions of dollars in total value, with growing contributions from stablecoin yield markets and institutional capital. Since sPENDLE's launch, the protocol has cumulatively repurchased 1.72 million PENDLE tokens from public markets, all distributed to sPENDLE holders. sPENDLE holders have received approximately $1.4 million in airdrop rewards year-to-date.

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