For PENDLE holders

PENDLE holders can convert their tokens to ePENDLE, which can be traded and staked to earn a share of Equilibria's performance fees. The PENDLE tokens used to stake ePENDLE will accrue maximal vePENDLE, boosting the yield on Pendle.

ePENDLE stakers can earn a share of protocol performance fees, which is approximately 12.5% of Equilibria's revenue. These rewards are paid out in PENDLE and WETH.