Converti Optimism OP in mPendle MPENDLE

Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more

What is the project about? Penpie is a next-generation DeFi platform designed 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. History of your project. What’s next for your project? What can your token be used for? mPENDLE refers to "Magpie PENDLE", is a liquid version of vePENDLE that allows users to earn passive income on Penpie. PENDLE holders can convert tokens into mPENDLE on Penpie to earn boosted APR. Penpie takes all converted PENDLE tokens and locks them on Pendle Finance in order to acquire more vePENDLE. This, in turn, allows Penpie to provide boosted APR for its depositors. The process of permanently removing tokens from circulation is known as 'blackholing' and cannot be reversed. mPENDLE holders have the option to exchange their tokens for PENDLE on Wombat Exchange.