📝Penpie Overview

Penpie Overview

What is Penpie?

Penpie is a next-generation DeFi platform designed to provide Pendle Finance users with yield and veTokenomics boosting services. Integrated with Pendle Finance, Penpie focuses on locking PENDLE tokens to obtain governance rights and enhanced yield benefits within Pendle Finance. Penpie revolutionizes the way users can maximize returns on their investments and monetize their governance power.

Penpie offers users the opportunity to deposit their assets to earn maximized APR % while it allows Pendle Finance voters to cost-effectively acquire voting power and earn passive income at the same time through the PNP token.

Penpie gives PENDLE holders the chance to earn high APR by converting their tokens into mPENDLE. By leveraging the power of Pendle Finance's veTokenomics model, Penpie offers users the opportunity to earn more PENDLE rewards with their PENDLE tokens. Penpie has created mPENDLE, a Penpie version of the PENDLE token, which allows users to earn a large share of PENDLE rewards while enjoying increased flexibility through Penpie. This mechanism gives PENDLE holders the chance to earn high APR% by converting their tokens into mPENDLE at a 1:1 ratio.

When users convert their PENDLE tokens on Penpie, they receive mPENDLE, which enables them to earn maximized PENDLE rewards. Meanwhile, Penpie locks all the converted PENDLE as vePENDLE on Pendle Finance, resulting in the accumulation of vePENDLE for Penpie. This vePENDLE entitles Penpie to enhanced PENDLE rewards and governance benefits on Pendle Finance. As a result, Penpie can offer users a sustainable, boosted passive income and cost-effective governance power.

What is PNP?

PNP is Penpie’s governance and revenue sharing token. Users can lock PNP tokens on Penpie to receive Vote-Locked PNP at 1:1 ratio.

Vote-Locked PNP, also known as vlPNP, allows PNP holders to earn passive income and share governance benefits on the platform. The voting power that Penpie accumulates by holding vePENDLE is shared between vlPNP holders, allowing them to vote on Pendle Finance. Vote-Locked PNP holders earn PNP Staking rewards plus revenue share from the platform.