Pendle has announced the launch of its new Algorithmic Incentive Model (AIM) for liquidity providers, set to go live on January 29 at 00:00 UTC. This model will automatically allocate PENDLE token emissions based on liquidity pools' actual contributions, reducing emissions by approximately 30%. The AIM aims to enhance incentive efficiency by adjusting rewards according to total value locked (TVL) and fee generation.
Under the new model, liquidity providers will initially receive higher incentives to boost liquidity, with a gradual shift towards rewarding fee generation as pools mature. The protocol also allows for amplified rewards through external incentives, offering up to $1.40 in incentives for every $1 invested. The removal of the ve-boost mechanism is expected to increase annual percentage rates (APR) for liquidity providers, particularly in high-volume pools.
Pendle Introduces Algorithmic Incentive Model, Cuts Token Emissions by 30%
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