Penpie is an innovative DeFi platform, meticulously constructed by Magpie, primarily to offer Pendle Finance users with advanced yield and veTokenomics enhancing services. The platform is fully integrated with Pendle Finance, emphasizing the lockdown of PENDLE tokens to acquire governance rights and amplified yield benefits in Pendle Finance. By transforming the standard approach towards investments returns maximization and governance power monetization, Penpie stands as a beacon of revolution in the crypto industry.
Uniqueness of the Penpie Project
The uniqueness of Penpie lies in its pioneering model that offers PENDLE holders an extraordinary opportunity to earn a high APR by converting their tokens into mPENDLE. This dynamic is made possible through the platform's leverage on Pendle Finance's veTokenomics model, which guarantees users increased PENDLE rewards. Penpie has invented mPENDLE, a distinctive version of the PENDLE token, designed to give users an exorbitant share of PENDLE rewards whilst ensuring higher flexibility via Penpie. This ingenious system provides PENDLE holders with the advantage of earning an impressive APR% by exchanging their tokens into mPENDLE at a 1:1 ratio.
Functionality of Penpie's Token
The PNP token, exclusive to Penpie, performs the dual function of governance and revenue-sharing. Users can lock their PNP tokens on Penpie to receive vlPNP at a 1:1 ratio. The vlPNP is essentially the locked variant of the PNP token, further enhancing the expansive functionalities of the Penpie platform.
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