We are thrilled to introduce our freshest collaboration with Penpie, a next generation DeFi platform designed to provide Pendle
14 Aug 2023, 13:12
We are thrilled to introduce our freshest collaboration with Penpie, a next generation DeFi platform designed to provide Pendle Finance users with yield and veTokenomics boosting services. Here's everything you need to know:
🔥 More about Penpie 🔥
Origin & Function: Penpie was developed by Magpie, specifically crafted to augment yield enhancement services for users of Pendle Finance.
The Power of mPENDLE: With Penpie, PENDLE token holders can transform their tokens into mPENDLE, unlocking an array of benefits. As users make this conversion, Penpie locks the equivalent PENDLE amount as vePENDLE within Pendle Finance. This dual action amplifies potential rewards and ensures robust governance.
Benefits for PENDLE Holders: Penpie's unique architecture ensures PENDLE holders not only earn optimal rewards but also wield substantial governance influence on Pendle Finance, all without the necessity of a long-term PENDLE lockup.
🔥 How THENA Fits In 🔥
Penpie’s integration with BNB Chain aligns perfectly with THENA's mission. Together we're scaling LST liquidity, starting with frxETH/ETH.
But wait, there's more. PNP (to be matched with THE) rewards have been deposited for the PNP/BNB FUSION pool, shared among voters. This pool is set to go live on Thursday at 00:01 UTC.
More to come @everyone
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