[Pendle Distributes an Additional $7.49 Million in CHIPS Rewards to sPENDLE Holders] According to a report by Jinse Finance on April 27, Pendle announced that it has distributed a total of $7.49 million in CHIPS to sPENDLE holders. This portion of rewards originates from protocol fee revenue. The distribution mechanism for this round was based on a time-weighted calculation of users' sPENDLE holdings during the previous cycle (April 7 to April 20). This CHIPS distribution is independent of the existing buyback reward mechanism and constitutes an additional profit allocation. Moving forward, Pendle will continue to enhance token holders' earnings structure through multiple methods such as fees and buybacks, aiming to improve the sustainability of the protocol's overall incentive system.