> For the complete documentation index, see [llms.txt](https://docs.penpiexyz.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.penpiexyz.io/tokens/mpendle-token.md).

# mPENDLE Token

<figure><img src="/files/6zFGZv0l30JjzQ8T1BmH" alt=""><figcaption><p>mPENDLE</p></figcaption></figure>

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.&#x20;

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.<br>


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