# Understanding mPENDLE

## Converting mPENDLE

* Users can convert PENDLE into mPENDLE on Ethereum, Arbitrum, Bnb Chain and Optimism.
* After converting, users can stake mPENDLE on Penpie to earn active user engagement rewards.
* When users convert PENDLE into mPENDLE, Penpie locks all the converted PENDLE on Pendle Finance as vePENDLE.
* Users can swap mPENDLE back to PENDLE on PancakeSwap through Arbitrum at current market rates.

## Staking mPENDLE

* Stake mPENDLE on Penpie to earn active user engagement rewards.

## Bridging mPENDLE

* mPENDLE uses layer zero OFT V2 standard.
* Users can bridge mPENDLE between Ethereum, Arbitrum, BNB Chain and Optimism.


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