[Penconomics](https://penconomics.vercel.app/) shows the latest buyback acquired 139,541 PENDLE for $290,000, versus AIM’s current 15.93K PENDLE weekly assignment across 92 markets. That is 4.4x two weeks of assigned incentives, but it is redistribution, not a burn: [Pendle](https://docs.pendle.finance/pendle-v2/ProtocolMechanics/Mechanisms/sPENDLE) lets recipients exit sPENDLE after a 14-day cooldown or instantly for a 5% fee.

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