[Pendle to Launch sPENDLE and Phase Out vePENDLE] Foresight News reports that the crypto yield trading platform Pendle has tweeted about upgrading its native tokenomics and introducing sPENDLE. The upgraded PENDLE token will bring new solutions to the ecosystem: protocol revenue will be used to buy back PENDLE tokens and distribute them to active sPENDLE holders; sPENDLE supports a 14-day penalty-free exit period or instant redemption with a 5% fee; sPENDLE will be a composable, fungible token that can integrate with any DApp; the existing manual voting mechanism will be upgraded to an algorithmic emission model, aiming to improve allocation efficiency while reducing PENDLE emissions by 20 to 30%. Additionally, the vePENDLE locking mechanism will be suspended on January 29. Before this date, users holding vePENDLE will receive a special multiplier (up to 4x) on their virtual sPENDLE balance based on the remaining lock-up period. Rewards will be distributed based on this virtual sPENDLE balance, allowing vePENDLE holders to achieve higher returns during the transition period.