💲Rewards for Active user engagement

PENDLE Rewards Distribution

Rewards Source: vePENDLE

Penpie generates rewards from its accumulated vePENDLE. The Yield-Boosting Mechanism of vePENDLE allows liquidity providers on Penpie to maximize their benefits. This means that once users deposit their assets on Penpie, they start earning increased rewards fortheir active engagement 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 participants on our platform.

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

Boosted PENDLE rewards from liquidity farming on Pendle via 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 rewards from liquidity farming on Pendle via BNB Chain and Optimism

• 78% to liquidity providers.

• 12% to mPENDLE.

• 5% to vlPNP holders as mPendle.

• 5%Treasury

Boosted PENDLE rewards from liquidity farming on Pendle via 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 active user engagement rewards with their own preference.