The results of the Pendle September dividend are out. I voted with two accounts, one ranked 25th, the other 39th, which is mediocre. September profit amount: 4600 USDT In August, I got 4000 UST; in July it was 5000 USDT. ↳↳ Monthly returns are stable. ✅ At the current coin price, the APY is around 45% 🔥 ——————— Like Kaito and Pendle reward "long-term" community supporters. Many people will ask why not adopt a "buyback"... for example: Aave or Fluid mechanisms. It's simple and doesn't require long-term forced locking. My thoughts are: 1. Pendle and Kaito still have buyback mechanisms (one is indirect, the other is irregular). 2. Rewards are given to the "most loyal" community members who dare to lock for the long term, rather than equal treatment for all. 3. Those who dare to lock with Kaito have been able to reap huge rewards recently; how can we maximize rewards for loyal communities using buybacks!? 4. vePendle has introduced voting mechanics, making it even more fun and interesting. 5. Some people will catch the buyback patterns, layout before the buyback, and dump after the buyback, which is also hard to be completely fair. Undeniably, long-term locking reduces the efficiency of capital usage and may even stifle the potential for larger capital inflows, but in terms of rewarding loyal communities, I still prefer locking. ✅ If every project adopted buybacks, how boring would that be..... DeFi wouldn't be fun....