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.
---
# Agent Instructions: Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter:
```
GET https://docs.penpiexyz.io/tokens/mpendle-token.md?ask=
```
The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.