# Glossary ### PENDLE PENDLE is the governance token of Pendle Finance. Penpie provides PENDLE holders the chance to earn enhanced rewards for their active user engagement by converting their PENDLE tokens into mPENDLE. Penpie then locks all the converted PENDLE as vePENDLE permanently on Pendle Finance while users benefit from active engagement rewards through mPENDLE. ### vePENDLE vePENDLE is accrued as users lock PENDLE on Pendle Finance. vePENDLE it's not transferable and is lost when unlocking PENDLE. The higher a user's balance of vePENDLE, the more they can boost their yields as liquidity providers on Pendle Finance and more voting power they control. ### mPENDLE mPENDLE (Magpie PENDLE) is minted by converting PENDLE on Penpie. It can be staked on the platform to potentially get active user engagement rewards. ### PNP PNP is the governance token of Penpie. Users can lock PNP to participate in governance and earn rewards for their active user engagement. ### vlPNP Vote-Locked PNP. Locked version of PNP. vlPNP holders control the voting power that Penpie owns on Pendle Finance. Users can lock their PNP to receive vlPNP at 1:1 ratio. vlPNP holders have the chance to earn active uer engagement rewards on the platform and also share governance rights. Vote-Locked PNP holders can participate in the governance of Pendle Finance and Penpie. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.penpiexyz.io/reference/glossary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.