According to BlockBeats, on May 26, Pendle Finance announced it will concentrate all co-incentives on its limit order mechanism to improve liquidity depth and trading execution efficiency. Limit orders have grown from 44% to 71% of total swap trading volume since the incentive system launched two months ago.
Pendle currently allocates approximately 6,500 PENDLE tokens weekly to limit orders, supporting around $400 million in notional order book depth. The platform reports a capital efficiency of approximately 800x, meaning each $1 in incentives generates $800 in liquidity.