[Pendle Shifts Co-Incentives Fully to Limit Orders, Reports LO Contributed 71% of Trading Volume] BlockBeats News, May 26: DeFi yield protocol Pendle Finance announced that it will focus co-incentives on the Limit Orders (LO) mechanism to enhance platform liquidity depth and trading execution efficiency. Pendle stated that since the full LO incentive system was launched approximately two months ago, the proportion of limit orders in the platform's total swap trading volume has increased from 44% to 71%, with monthly LO trading volume nearly doubling. LO has now become the core driving force of Pendle's trading activity. Data shows that Pendle currently allocates approximately 6,500 PENDLE tokens weekly to limit orders, supporting a nominal order book depth of around $400 million. The platform claims that, on an annualized basis, every $1 of incentives can generate approximately $800 in liquidity, achieving a capital efficiency of about 800x. Pendle also announced new co-incentive rules: - If project teams provide incentives in PENDLE, every $1 invested will receive an additional $0.22 worth of PENDLE. - If incentives are provided in other tokens, every $1 invested will receive $0.15 worth of PENDLE. If overall demand exceeds the weekly cap of 9,000 PENDLE incentives, rewards will be distributed proportionally. Pendle stated that LO has proven to be the most effective tool for improving market quality and liquidity depth, and future co-incentive resources will prioritize the limit order ecosystem. [Original Link]