How did the mPENDLE pool reach $19.6M TVL on @pendle_fi—and what does it mean for $PENDLE holders?📈
mPENDLE is the liquid version of the $PENDLE token, which users can mint by converting $PENDLE into mPENDLE on @Penpiexyz_io. This conversion unlocks enhanced yields without any lock-up, offering full flexibility to users.🌀
Although the conversion is irreversible, Penpie ensures liquidity for mPENDLE by enabling users to trade it back to $PENDLE on secondary markets like @PancakeSwap and @ThenaFi_. The swap rate is based on the pool’s asset composition (peg). 🔁
To help maintain this peg, Penpie uses protocol revenue to conduct strategic mPENDLE buybacks—strengthening the ecosystem while incentivizing holders.💸
Currently, the mPENDLE pool on Penpie has attracted over $10.4M in TVL, delivering more than 10% APY. Its yield is sustained through Penpie’s Voting Market, while consistent buybacks further support the peg and create valuable opportunities for long-term holders and arbitrageurs. 🔂
Still holding $PENDLE? Convert today to earn +1.59 mPENDLE per $PENDLE and gain access to yields above 10% APY! 🚀
Convert now and boost your yield potential:⤵️
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