Pendle Finance has successfully shifted its co-incentive program to focus exclusively on limit orders, resulting in a 71% increase in swap volume on its platform. This strategic move has nearly doubled the monthly trading volume, as limit orders now dominate the trading activity. Users placing unfilled short yield token (YT) limit orders within targeted yield ranges can earn up to 200% APR in PENDLE tokens, incentivizing liquidity that enhances order book depth. The protocol's algorithm recalculates rewards weekly, considering factors like Total Value Locked and recent swap volumes. Each pool can receive up to 1,250 PENDLE tokens weekly, with a total cap of 90,000 PENDLE across all streams. Unclaimed emissions are returned to Pendle's treasury, maintaining token supply control. This shift to limit orders allows traders to specify their desired APY, integrating with Pendle's AMM to prioritize execution and reduce price impact. The success of this focused incentive approach suggests a potential shift in DeFi strategies towards concentrated incentives.