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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. Tokens

mPENDLE Token

Penpie's version of PENDLE

PreviousPNP ChartNextUnderstanding mPENDLE

Last updated 1 month ago

mPENDLE refers to "Magpie PENDLE", is a liquid version of vePENDLE that allows users to earn rewards for their active user engagement on Penpie. PENDLE holders can convert tokens into mPENDLE on Penpie.

Penpie takes all converted PENDLE tokens and locks them on Pendle Finance in order to acquire more vePENDLE. This, in turn, allows Penpie to provide enhanced user engagement rewards for its depositors.

The process of permanently removing tokens from circulation is known as 'blackholing' and cannot be reversed. mPendle can not be converted back to Pendle. mPENDLE holders have the option to exchange their tokens for PENDLE on Thena.

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mPENDLE