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- If a user converts PENDLE on Equilibria, he/she will receive ePENDLE and PENDLE will be locked as long as possible on Pendle Finance to acquire maximal vePENDLE.
- ePENDLE is a tokenized version of vePENDLE. Users will get ePENDLE at a 1:1 rate with PENDLE converted.
- ePENDLE can be staked to earn the extra yield from:
- Fees generated from vePENDLE which Equilibria owns, paid out as ETH;
- Extra rewards from the protocol fee sharing, paid out as PENDLE;
- Extra rewards from Equilibria emissions;
- Provide liquidity for ePENDLE on our partner DEXes and earn liquidity farming reward;
- Equilibria will incentivize the ePENDLE/PENDLE liquidity by leveraging the ecosystem partners' effective liquidity pools;
- ePENDLE can be swapped back to PENDLE from those liquidity pools;
- However, please notice that the ePENDLE/PENDLE exchange rate is fully decided by the market.