The graph demonstrates the integration structure between Pendle Finance and its liquidity providers. Our core idea is to align liquidity providers and $PENDLE holders together to maximize incentives for all participants.
Liquidity providers, who provide liquidity to Pendle through Equilibria, can earn boosted rewards in both $PENDLE and $EQB, even if they do not own any $PENDLE.
$PENDLE holders, on the other hand, can convert their tokens into $ePENDLE and stake them to earn rewards in both $PENDLE and $EQB. $ePENDLE holders can also easily exit their position by swapping back to $PENDLE, providing flexibility and ease of use.