🪙mPENDLE Token
Penpie's version of PENDLE
mPENDLE refers to "Magpie PENDLE", is a liquid version of vePENDLE that allows users to earn passive income on Penpie. PENDLE holders can convert tokens into mPENDLE on Penpie to earn boosted APR.
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 boosted APR for its depositors.
The process of permanently removing tokens from circulation is known as 'blackholing' and cannot be reversed. mPENDLE holders have the option to exchange their tokens for PENDLE on Wombat Exchange.
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