Pendle updates the vePENDLE Airdrop mechanism to change to continuous distribution.

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According to Foresight News, Pendle has announced that it will no longer distribute rewards to vePENDLE holders according to the previously promised monthly Airdrop plan from February to June 2025. The team stated that as the types of assets supported by the protocol continue to increase, vePENDLE holders will continuously receive Airdrops based on the rewards actually received by the protocol. The new Airdrop mechanism will take monthly Snapshots and distribute after receiving rewards, with the Snapshot time set for the 20th of each month at 08:00. The distribution method will still be based on the proportion of vePENDLE Holdings, including the vePENDLE holdings in Liquid Locker. This mechanism aims to ensure that vePENDLE holders continuously benefit from the income generated by the protocol's growth.

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