# \[MIP #96\] - Determine Magpie’s Stance on Penpie’s PIP #25

**URL:** <https://gov.magpiexyz.io/t/mip-96-determine-magpie-s-stance-on-penpie-s-pip-25/793>\
**Category:** 4. Magpie Improvement Proposals\
**Created:** [June 11, 2026, 12:44am UTC](https://gov.magpiexyz.io/t/mip-96-determine-magpie-s-stance-on-penpie-s-pip-25/793 "2026-06-11T00:44:24Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Lego](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.magpiexyz.io/lego/32/78_2.png) [@Lego](https://gov.magpiexyz.io/u/Lego)\
**Post date:** [June 11, 2026, 12:44am UTC](https://gov.magpiexyz.io/t/mip-96-determine-magpie-s-stance-on-penpie-s-pip-25/793/1 "2026-06-11T00:44:24Z")

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## Abstract

This proposal seeks to determine Magpie’s stance on Penpie’s PIP #25, which proposes deferring the execution of PIP #24 until the ownership, allocation rights, and yield entitlement of the relevant PENDLE and sPENDLE assets are explicitly clarified.

## Motivation

Following the passage of PIP #24, differing interpretations from the Pendle team and legal counsel have created uncertainty around the treatment of assets unlocked by the retirement of the vePENDLE module.

Supporting PIP #25 would allow Penpie to pause execution until these matters are clarified, reducing potential legal, operational, and governance risks.

## Specification

Magpie will vote according to the outcome of this proposal.