🔦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 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.