The governance incentive structure in sPENDLE caught attention for a reason. Here's the mechanic: whenever a Pendle Protocol governance proposal is active, sPENDLE holders who skip voting face a 14-day reward penalty. It's a clever carrot-and-stick approach—encouraging meaningful participation by making inaction costly. Instead of just holding the token passively, you're pushed to actually engage with protocol decisions. Miss voting on critical proposals, and you lose earnings during that period. The design reflects a growing trend in DeFi where token holders aren't just governance tokens but active stakeholders with skin in the game.