PIP #23 - sPendle Reward Adjustment Proposal

Objective

To convert all future rewards generated by sPendle within the Penpie protocol into sPendle.

Execution

Asset Swap:

Airdrop tokens received by the treasury will be swapped for PENDLE using the most efficient liquidity routes.

Asset Staking:

The acquired PENDLE will be directly deposited into the sPendle strategy for compounded growth.

Treasury Storage:

The aggregated sPendle will be held in the treasury as strategic assets, with specific distribution or usage paths to be determined in the future.