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The addresses starting with 0xAa have locked 800,000 PENDLE in the past two weeks, with a total value of 4.72 million US dollars

The addresses starting with 0xAa have locked 800,000 PENDLE in the past two weeks, with a total value of 4.72 million US dollars

CointimeCointime2024/04/18 08:07
By:Cointime

According to on-chain analyst @ai_9684xtpa, in the past two weeks, addresses starting with 0xAa have locked 800,000 PENDLE tokens with a total value of $4.72 million, which will expire on April 9, 2026. Locking PENDLE tokens will result in receiving governance token vePENDLE, which provides community voting rights and protocol revenue sharing, similar to the veCRV mechanism.

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