🍖vePENDLE Revenue

All key parameters are governed by the Penpie DAO. The Penpie team is responsible for implementing and executing the decisions made by the DAO.

Based on the Pendle mechanism, we divide the vePENDLE rewards into different sections for governance distribution. The current governance distribution structure is as follows:

Base rewards

The distribution of base rewards is as follows:

• 20% is allocated to the PRT mechanism according to PIP-15

• 80% is allocated according to PIP-16.

The allocation of rewards follows this order of priority:

1. Priority to meet the monthly PNP incentive needs.

2. mPENDLE repurchase ratio: 30%–70% (the exact percentage will be determined by market conditions).

3. Remaining funds: Used for PNP repurchase.

Voting rewards

• 20% is allocated to the PRT mechanism according to PIP-15

• 40% is allocated to vlPNP voters according to PIP-11 & PIP-15.

• 40% is allocated to the treasury for mPENDLE buyback according to PIP-16.

Airdrop

PENDLE Airdrop rewards will be converted to PENDLE and distributed directly to the mPENDLE Staking Pool on Arbitrum according to PIP-18.

All assets will be stored in the treasury wallet. https://debank.com/profile/0x18b20d76973eacc76022f0b15fc6857e1d8aa23c