# vePENDLE Revenue 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](https://snapshot.box/#/s:penpiexyz.eth/proposal/0xba67b9bfaf0c4c0edf629d88b6712aeb0a600bfdb48c002c514fba8f971589fc) * 80% is allocated according to [PIP-16](https://snapshot.box/#/s:penpiexyz.eth/proposal/0x59b8ffda6b4ea1aa1d8bd08cc4f34928d8d773eb5f8c1e15d71fb755e96fd52a). The allocation of rewards follows this order of priority: 1. Priority to meet the monthly PNP incentive needs. 2. Subsidize PRT repayment, which equals to 20% of the month's voter reward. 3. Remaining funds: Used for PTmPENDLE repurchase. ### Voting rewards(Fee Revenue) The allocation of voting rewards (fee revenue) is now 100% allocated to vlPNP voters, with the PRT portion subsidized by the Base Rewards stream (as outlined in [PIP #19](https://snapshot.box/#/s:penpiexyz.eth/proposal/0x54dcd8653aa924e4de7c1f9a4ef35129d8c17223d2e2df15d124d57e41dd94c6)): 100% is allocated to vlPNP voters and distributed directly in USDT. (This replaces the previous 20%, 40%, and 40% split.) Note: The 20% share of vote fee revenue previously allocated to PRT is now covered by the Base Revenue allocation. ### Airdrop PENDLE Airdrop rewards will be converted to PENDLE and distributed directly to the mPENDLE Staking Pool on Arbitrum according to [PIP-18](https://snapshot.box/#/s:penpiexyz.eth/proposal/0x8078dabf0475584f9e3c5d1fd4c12dee7e878d88efca8a0b3046eab6fc5a7014). ### All assets will be stored in the treasury wallet.