๐ŸŽŸ๏ธBenefits

The Penpie bribery market supports the Pendle Finance Eco as a whole

1. For Protocols:

Protocols with their liquidity hosted on Pendle Finance can offer bribes to obtain a larger share of PENDLE token emission by gaining voting support from vlPNP holders. This can lead to an increase in the Total Value Locked within their pools. The greater the number of votes a pool secures, the higher the $PENDLE rewards it accrues.

2. For Liquidity Providers:

Depositors on Penpie and Pendle Finance can earn a higher APY% on their liquidity provisions, thanks to the votes allocated by vlPNP voters through the Penpie bribery market. Liquidity providers also have the opportunity to deposit bribes.

3. For Governance Voters on Pendle Finance:

Voters in Pendle Finance can acquire cost-effective governance power through the PNP token. By locking PNP as vlPNP, users are able to optimize the monetization of their voting power within Pendle Finance. By tapping into the voting power of the vePENDLE accumulated by Penpie, vlPNP holders can command more voting power. Consequently, they can earn more rewards by locking up PNP rather than vePENDLE, with the same amount of investment and a shorter lock-up period.

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