💲Revenue Share

Pendle revenue distribution

Source of Revenue: vePENDLE

Penpie generates revenue from its accumulated vePENDLE. The Yield-Boosting Mechanism of vePENDLE allows liquidity providers on Penpie to earn enhanced PENDLE rewards. This means that once users deposit their assets on Penpie, they start earning increased yield without having to lock any vePENDLE within Pendle Finance by themselves. In turn, Penpie charges a performance fee from the boosted yield and distributes it among users on our platform.

Here is the current distribution of Penpie's revenue from Pendle Finance :

Boosted Pendle reward yield from liquidity farming on Pendle on Arbitrum

• 78% to liquidity providers.

• 12% to mPENDLE (Shared between mPENDLE Stability Vault and mPENDLE Staking)

• 5% to vlPNP holders as mPendle.

• 5%Treasury

Boosted Pendle reward yield from liquidity farming on Pendle on BNB Chain and Optimism

• 78% to liquidity providers.

• 12% to mPENDLE.

• 5% to vlPNP holders as mPendle.

• 5%Treasury

Boosted Pendle reward yield from liquidity farming on Pendle on Ethereum

• 78% to Liquidity Providers

• 12% to mPENDLE Stakers

• 5% to vlPNP Holders

• 4% Treasury

• 1% to Harvest Caller function

Boosted SY reward yield from liquidity farming on Pendle

• 100% to liquidity providers.

Multichain implication

• Reward distribution is by chain. For example: boosted reward from Lido stETH pool are distributed to mPENDLE staking and vlPNP on Ethereum while boosted reward from GMX GLP are ditribtued to mPENDLE staking and vlPNP on Abritrum.

• Users can bridge mPendle and PNP between Ethereum and Arbitrum to get revenue share with their own preference.