English
  • ๐Ÿ“ƒTerms and Conditions
  • ๐Ÿ“Penpie Overview
  • ๐ŸŒPenpie Ecosystem
    • ๐Ÿ“Introduction
    • ๐Ÿ”˜Pendle Finance
    • ๐ŸŒ‰LayerZero Bridge
  • ๐ŸŽฎHow to use
    • ๐Ÿ”ทPenpie
      • ๐Ÿ”Convert PENDLE into mPENDLE
      • ๐Ÿ”’Lock PNP & Unlock
      • ๐Ÿ’งProvide Liquidity
      • ๐Ÿ’ฐClaim Active Engagement Rewards
      • ๐Ÿ’ธThe Penpie Voting Market
      • ๐Ÿ’ธAdd Voting Incentives
    • ๐ŸŸกBNB Chain
      • ๐ŸฅžPancakeSwap
      • ๐Ÿ’งProvide PNP-BNB liquidity on PancakeSwap
    • ๐ŸŒ‰Bridge
  • ๐Ÿช™Tokens
    • ๐Ÿช™PNP Token
      • ๐Ÿง‘โ€๐ŸŒพPNP Emission
      • ๐ŸŒ‰Cross-chain functionality
      • ๐Ÿ—ณ๏ธVote-Locked PNP
      • ๐ŸงฎPNP distribution
      • ๐Ÿ“ŠPNP Chart
    • ๐Ÿช™mPENDLE Token
      • ๐Ÿ”ฆUnderstanding mPENDLE
      • ๐Ÿค–Smart PENDLE Converter
      • โ™ŽmPENDLE Stability Vault
    • ๐ŸงThe mPENDLE Liquidity Pool on Pendle Finance
    • ๐ŸงพPenpie Receipt Token
    • ๐Ÿช™Penpie Recovery Token(PRT)
  • ๐Ÿ’ฒFee Structure
    • ๐Ÿ’งPENDLE LP
    • ๐Ÿ–vePENDLE Revenue
    • ๐ŸญVoting Incentives
  • ๐Ÿ”ตPenpie Maximizing Benefits
    • Boosted Rewards for PENDLE Holders
    • Boosted Rewards for Liquidity Providers
    • Cost-Effective Voting Power for Pendle Finance users
    • Decrease PENDLE circulating supply
  • ๐ŸŽชThe Penpie Voting Market
    • ๐Ÿ—ณ๏ธVote
    • ๐Ÿ“ŠvlPNP Gauge
    • ๐ŸŽฏvePENDLE Gauge
    • ๐ŸŽŸ๏ธBenefits
  • ๐Ÿช‚Farm Points on Penpie
  • โš–๏ธGovernance
  • ๐Ÿ”งOfficial links and tools.
    • ๐Ÿ“‘Smart Contracts
    • ๐Ÿ“กOfficial Links
    • ๐Ÿ“ฝ๏ธMedia Kit
  • ๐Ÿ”Reference
    • ๐Ÿ’กGlossary
  • ๐Ÿ”Security
    • ๐Ÿ“ƒAudit Reports
    • Real Time Monitoring
    • โŒšTimelock
Powered by GitBook
On this page
  • What is Pendle Finance?
  • What is PENDLE?
  • What is vePENDLE?
  • What are the benefits of holding vePENDLE?
  • How can Penpie support Pendle Finance?
  1. Penpie Ecosystem

Pendle Finance

Understanding Pendle Finance

PreviousIntroductionNextLayerZero Bridge

Last updated 7 months ago

What is Pendle Finance?

Pendle Finance is a permissionless DeFi yield-trading protocol, currently built on Ethereum, Arbitrum & BNB Chain where users can execute various yield management strategies.

What is PENDLE?

PENDLE is the governance token of Pendle Finance.

What is vePENDLE?

vePENDLE represents the locked version of PENDLE tokens. By locking their tokens as vePENDLE on Pendle Finance, PENDLE holders can access advantages within the platform. Pendle Finance offers a variety of staking durations, from as short as 7 days to as long as 2 years. Longer staking periods yield greater benefits, and holding more vePENDLE results in increased advantages.

What are the benefits of holding vePENDLE?

๐Ÿ”น Yield Boosting: One of vePENDLE's main utilities is to enable its holders to earn boosted yields for their active participation when providing liquidity on Pendle Finance. The boosted emissions are proportional to the staking period duration and the amount of PENDLE staked by users.

๐Ÿ”น Governance Rights: vePENDLE is fundamental for Pendle Finance's governance system. vePENDLE holders can vote to allocate PENDLE emissions across different Pendle Finance pools. The voting weight is proportional to the staking period and the amount of PENDLE locked by users. More time staked, more voting weight.

๐Ÿ”น Voting Incentives: vePENDLE holders have the potential to earn voting incentives from Pendle Finance partners. Different protocols might compensate users for providing voting support to their pools.

๐Ÿ”น Active user engagement rewards: Holding vePENDLE on Pendle allows users to earn a part of the 3% fee charged on all yield generated by Yield Token (YT) holders. Additionally, vePENDLE holders can earn a portion of the yield generated by matured unredeemed PTs, providing an additional source of rewards for active user engagement.

How can Penpie support Pendle Finance?

Penpie has identified several areas where it can help provide a more efficient DeFi experience for users while supporting Pendle Finance's long-term development at the same time.

๐Ÿ”น Liquidity providers cannot earn boosted yields for their active participation without locking PENDLE tokens.

๐Ÿ”น Voters cannot earn considerable rewards for their active participation while their PENDLE tokens are locked.

๐Ÿ”น PENDLE holders cannot earn rewards for their active participation without a required lock up.

๐ŸŒ
๐Ÿ”˜