TechFlow reports that DeFi protocol Penpie has launched the Pendle Rush event, allowing users to convert $PENDLE into $mPendle. Users can capture real yields equivalent to $vePENDLE without long-term locking. The 15-day Pendle Rush event has already seen over 1.1 million PENDLE staked, with an APR reaching 3,895%.
Penpie is a product built on Pendle's ve economics, introduced by Mapie, a yield amplifier for veTokens. $PNP is Penpie’s native token, which grants governance rights and entitles holders to real yield distributions from the protocol.
Add to Favorites
Share to Social Media
