Thread by @ScopeDefi

Penpie is changing DeFi with its next-gen product, offering enhanced yield benefits & governance power monetization.

Get ready for their upcoming $PNP token IDO on @CamelotDEX.

I’ll tell you all about this exciting update in this thread👇🏼🧵 (6 min)

#Penpie #DeFi#mPENDLE $PNP

What I will be covering in this thread:

-New Token Distribution
-The wait is almost over
-$PNP IDO Allocation Update
-$3M FDV and $600K Cap
-Penpie's mission is user-centric

New Token Distribution↓

@Penpiexyz_io is a next-generation DeFi product built by #Magpie, offering yield and veTokenomics boosting services for Pendle Finance users.

In this thread, I will be diving deeper into the innovative features that Penpie brings to the table and how it revolutionizes the DeFi landscape.

The wait is almost over

Penpie is thrilled to announce that their highly anticipated $PNP token IDO will launch on Camelot Exchange. This strategic partnership with the most successful native #DEX on Arbitrum opens up new opportunities for Penpie and the wider crypto community.

PNP IDO Allocation Update

Let's take a look at the carefully planned distribution to ensure a diverse and robust token ecosystem. Here's how different stakeholders can participate and benefit from the upcoming IDO.

xGRAIL: 35% - As governance stakeholders of Camelot Exchange, xGRAIL holders will have the chance to participate in the $PNP token IDO, gaining governance authority over Pendle Finance through $PNP.

mPENDLE: 30% - Key contributors to Penpie, mPENDLE holders played a vital role in providing vePENDLE, enabling optimized benefits within the DeFi space. They will share 30% of the total $PNP tokens, recognizing their direct impact.

vlMGP: 25% - Valued governance stakeholders in Magpie, vlMGP holders will participate in the PNP token sale, sharing 25% of the total tokens. Their involvement reflects their integral role in decision-making for the platform. #vlMGP #Governance

Liquidity Providers: 10% - Penpie recognizes the importance of liquidity providers and grants them access to share 10% of the total $PNP tokens. Their support contributes to the success of Penpie, and this allocation acknowledges their vital role.

$3M FDV and $600K Cap

The Penpie IDO comes with a Fully Diluted Valuation (FDV) of $3M and a cap of $600K (20% of the total supply). Early supporters will have the opportunity to acquire $PNP at a competitive price, maximizing their potential returns.

The strategic partnership with Camelot Exchange brings significant value to Penpie. Launching the IDO on Camelot Exchange raises Penpie's profile and secures ample liquidity for $PNP tokens. This collaboration strengthens the foundation for future growth.

Penpie's mission is user-centric

By aligning the objectives of Penpie, Pendle Finance, Camelot, and their users, they unlock unparalleled value. Stay tuned for more updates as Penpie continues to provide reliable and innovative opportunities tailored to the community's needs.

In conclusion, Penpie is at the forefront of DeFi innovation, providing users with enhanced yield benefits and monetization of governance power.

The upcoming $PNP token IDO on Camelot Exchange marks a significant milestone in Penpie's journey, bringing together strategic partnerships, diverse token allocation, and attractive investment opportunities. Exciting times lie ahead for @Penpiexyz_io and its community.

You can also click the link below to learn more about this great new product by @magpiexyz_io #Magpie↓

blog.magpiexyz.io/unveiling-penp…

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