🔦Understanding mPENDLE
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 passive income.
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 Wombat Exchange through Arbitrum at current swap ratio.
Staking mPENDLE
Stake mPENDLE on Penpie to earn revenue share.
Staking mPENDLE also get PNP 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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