What is Penpie (PNP)?
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.
How does Penpie work?
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.
What is Penpie used for?
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.
Where can you buy Penpie?
Penpie (PNP) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for PNP sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting PNP, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Penpie (PNP)?
The reported 24-hour trading volume of Penpie is $53.29. Volume is a live reading of how much PNP changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
