# Penpie Receipt Token

* Penpie has introduced a receipt token for TVL providers across different pools, with the aim of enhancing the DeFi lego structures built on top of the Penpie ecosystem.
* Users receive Penpie receipt tokens when they become liquidity providers on Penpie. (Ex: <https://arbiscan.io/address/0xCD3A30D714B2b0aeda32593dF3bAd12351dd2314> [PTGLP28MAR24 ](https://arbiscan.io/token/0xCD3A30D714B2b0aeda32593dF3bAd12351dd2314)Penpie Receipt Token or mPENDLE Receipt Token).
* The receipt token is transferable. Upon transfer, rewards are updated for both the sender (\_from) and recipient (\_to) addresses. The accumulation of rewards is entitled to the current owner of the receipt token.