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  • 📃Terms and Conditions
  • 📝Penpie Overview
  • 🌐Penpie Ecosystem
    • 📍Introduction
    • 🔘Pendle Finance
    • 🌉LayerZero Bridge
  • 🎮How to use
    • 🔷Penpie
      • 🔁Convert PENDLE into mPENDLE
      • 🔒Lock PNP & Unlock
      • 💧Provide Liquidity
      • 💰Claim Active Engagement Rewards
      • 💸The Penpie Voting Market
      • 💸Add Voting Incentives
    • 🟡BNB Chain
      • 🥞PancakeSwap
      • 💧Provide PNP-BNB liquidity on PancakeSwap
    • 🌉Bridge
  • 🪙Tokens
    • 🪙PNP Token
      • 🧑‍🌾PNP Emission
      • 🌉Cross-chain functionality
      • 🗳️Vote-Locked PNP
      • 🧮PNP distribution
      • 📊PNP Chart
    • 🪙mPENDLE Token
      • 🔦Understanding mPENDLE
      • 🤖Smart PENDLE Converter
      • ♎mPENDLE Stability Vault
    • 🐧The mPENDLE Liquidity Pool on Pendle Finance
    • 🧾Penpie Receipt Token
    • 🪙Penpie Recovery Token(PRT)
  • 💲Fee Structure
    • 💧PENDLE LP
    • 🍖vePENDLE Revenue
    • 🍭Voting Incentives
  • 🔵Penpie Maximizing Benefits
    • Boosted Rewards for PENDLE Holders
    • Boosted Rewards for Liquidity Providers
    • Cost-Effective Voting Power for Pendle Finance users
    • Decrease PENDLE circulating supply
  • 🎪The Penpie Voting Market
    • 🗳️Vote
    • 📊vlPNP Gauge
    • 🎯vePENDLE Gauge
    • 🎟️Benefits
  • 🪂Farm Points on Penpie
  • ⚖️Governance
  • 🔧Official links and tools.
    • 📑Smart Contracts
    • 📡Official Links
    • 📽️Media Kit
  • 🔍Reference
    • 💡Glossary
  • 🔐Security
    • 📃Audit Reports
    • Real Time Monitoring
    • ⌚Timelock
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  1. Penpie Maximizing Benefits

Decrease PENDLE circulating supply

Penpie helps Pendle Finance to lock PENDLE tokens as vePENDLE

When users convert their PENDLE tokens into mPENDLE, Penpie automatically locks all the converted PENDLE as vePENDLE on Pendle Finance while users get mPENDLE. This mechanism decreases PENDLE sell pressure in the long term.

PreviousCost-Effective Voting Power for Pendle Finance usersNextThe Penpie Voting Market

Last updated 11 months ago

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