#Pendle The sPENDLE buyback mechanism officially launches on February 9 (the first round after the vePENDLE transition), using 80% of protocol revenue to buy back $PENDLE from the market and distribute it to sPENDLE stakers. Will this effectively reduce inflation and selling pressure? With a 20-30% reduction in emissions, theoretically positive, but the scale is limited during bear market conditions when fees are low, so we need to continuously track protocol revenue and APR performance 🤔