CryptoCurrencies
13920
Exchanges
498
Total Market Cap
2,395,242,410,427
Volume 24h
211,422,503,478
Dominance
BTC 51.61%   ETH 15.43%   USDT 4.51%   BNB 3.46%

Penpie
PNP

4.820
$
5.60 %
Change 24h
Market Cap
$ 22,967,107
Volume 24h
$ 42,966
Circulating Supply
4,671,405
PNP
$
# Exchange Pair Price Volume 24h

Description

What is the project about? Penpie is a next-generation DeFi platform built by Magpie to provide Pendle Finance users with yield and veTokenomics boosting services. Integrated with Pendle Finance, Penpie focuses on locking PENDLE tokens to obtain governance rights and enhanced yield benefits within Pendle Finance. Penpie revolutionizes the way users can maximize returns on their investments and monetize their governance power. What makes your project unique? Penpie gives PENDLE holders the chance to earn high APR by converting their tokens into mPENDLE. By leveraging the power of Pendle Finance's veTokenomics model, Penpie offers users the opportunity to earn more PENDLE rewards with their PENDLE tokens. Penpie has created mPENDLE, a Penpie version of the PENDLE token, which allows users to earn a large share of PENDLE rewards while enjoying increased flexibility through Penpie. This mechanism gives PENDLE holders the chance to earn high APR% by converting their tokens into mPENDLE at a 1:1 ratio. What can your token be used for? PNP is the governance and revenue-sharing token of Penpie. Users can lock their PNP tokens on Penpie to receive vlPNP at a 1:1 ratio. vlPNP is the locked version of the PNP token.