Use swap fee revenue to buy back PNP and distribute it as bribe rewards.
Pendle Finance allows users to lock PENDLE as vePENDLE to access benefits such as boosted yields, governance rights, and swap fee revenue. With its substantial vePENDLE treasury and voting power, Penpie is well-positioned to capitalize on these advantages. Currently, the generated swap fee revenues are directed to the Penpie treasury as platform revenue. This proposal suggests using 100% of the swap fee revenue to buy back and distribute PNP as bribe rewards, preserving PNP value and supporting Penpie’s sustainability.
Pendle’s ve-tokenomics rewards locking up PENDLE as vePENDLE. As the top vePENDLE holder, controlling 27% of the total vePENDLE, Penpie is uniquely positioned to benefit from its advantages within Pendle Finance. By utilizing the swap fee revenue generated from Penpie’s vePENDLE holdings to buy back PNP, we can effectively support the PNP price. Distributing PNP as reward incentives to users who vote for Penpie pools allows us to acknowledge their contributions to the Penpie ecosystem. This strategy not only promotes stability but also preserves value for PNP holders.
Use 100% of the generated swap fee revenue to buy back PNP and distribute it as bribe incentives.