About vePENDLE
vePENDLE (vote-escrowed PENDLE) is the governance and utility token of the Pendle protocol, a yield trading platform that tokenizes and trades future yields. By locking PENDLE tokens, users receive vePENDLE, which grants them voting power to direct reward emissions to different pools, eligibility for protocol revenue sharing, and boosted yield rewards. It is a core component of the protocol's incentive structure, aligning long-term holders with the ecosystem's growth.
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