🪙mPENDLE Token
Penpie's version of PENDLE
Last updated
Penpie's version of PENDLE
Last updated
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 holders have the option to exchange their tokens for PENDLE on PancakeSwap.
