> 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/understanding-mpendle.md).

# 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.