🍭Voting Incentives

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

Pendle Voter

• 40% is allocated to vlPNP voters according to PIP-11 & PIP-15. (The APR on the UI is the expected rewards based on the data from the previous week..) When PENPIE receives rewards from PENDLE, it will convert wETH into PNP and distribute it to users. (Expected in 2 months)

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

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

Penpie Voter

• 95% is allocated to vlPNP voters according to PIP-18. (Rewards are distributed every Wednesday at 5 PM SGT)

• 5% of the fund is allocated to essential operational expenses according to PIP-18.

vlPNP Vote Delegation Pool

• 5% is allocated to essential operational expenses.