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View ChartPenpie (PNP) is a next-generation DeFi product built by Magpie to provide Pendle Finance users with yield and veTokenomics boosting services. Integrated with Pendle Finance, Penpie focuses on locking PENDLE tokens to obtain governance rights and enhanced yield benefits within Pendle Finance. The platform is designed to revolutionize the way users can maximize returns on their investments and monetize their governance power on Pendle Finance.
At its core, Penpie leverages mPENDLE tokens to provide users with enhanced rewards and governance rights. The protocol operates on blockchain technology, a distributed ledger that maintains transaction records across several computers rather than relying on a single entity. PNP is the governance and revenue-sharing token of Penpie, with a total supply of 10,000,000 PNP and a circulating supply of approximately 1,505,920 PNP. Penpie launched in 2023 and operates across the Ethereum, Arbitrum, and BNB Chain ecosystems.
Penpie is a sub-project, or subDAO, crafted by Magpie specifically for Pendle Finance. Magpie is described as a cross-chain DeFi platform and a MegaDAO that integrates leading DeFi protocols to optimize yield with veTokenomics, liquid Ethereum restaking, and Bitcoin staking via Babylon. Penpie is built by Magpie, and its parent organization provides the infrastructure and strategic direction for the platform. Detailed public information about individual team members is currently limited, and the project is primarily represented through its parent entity, Magpie XYZ.
Penpie operates by integrating with Pendle Finance, a DeFi yield-trading protocol with over 4.5 billion in total value locked. The platform focuses on locking PENDLE tokens to secure governance rights and enhanced yield benefits within Pendle Finance. Users can lock their PNP tokens on Penpie to receive Vote-Locked PNP (vlPNP) at a 1:1 ratio, which enables them to participate in governance decisions and influence the platform's direction.
The voting power that Penpie accumulates by holding vePENDLE is distributed among vlPNP holders, allowing them to participate in Pendle Finance's governance cost-effectively. Liquidity providers benefit from increased APR without the necessity to lock PENDLE tokens as vePENDLE. This mechanism ensures that users have a say in the platform's evolution while also benefiting from potential yield enhancements.
Penpie stands out in the DeFi landscape by offering yield enhancement services and cost-effective voting power to Pendle Finance users. The platform revolutionizes how users can maximize returns on their investments and monetize their governance power. By locking PENDLE tokens, Penpie secures governance rights and boosts yield benefits, creating a synergy that allows users to leverage their assets for greater returns.
The platform's design emphasizes user engagement and active participation, creating a dynamic environment where users can benefit from increased APR without locking PENDLE tokens themselves. Penpie's integration with Pendle Finance is pivotal, as it allows users to maximize their returns and effectively monetize their governance power within the Pendle Finance ecosystem. Additionally, the PNP token provides transparency, security, decentralization, and accessibility, making it a significant player in the DeFi space.
PNP is the governance token of Penpie and serves as a revenue-sharing token. Users can lock their PNP tokens on Penpie to receive vlPNP at a 1:1 ratio. vlPNP is the locked version of the PNP token and enables holders to earn rewards for their active user engagement and share governance benefits on Pendle Finance and Penpie.
The voting power that Penpie accumulates by holding vePENDLE is distributed among vlPNP holders, allowing them to participate in Pendle Finance's governance cost-effectively. PNP can be traded through Camelot Dex on Arbitrum and PancakeSwap on BNB Chain. The token is integral to the platform's governance and revenue-sharing mechanisms, ensuring that users have a stake in the platform's direction and success.
The Penpie ecosystem is developing through its integration with Pendle Finance and its parent organization, Magpie. Magpie XYZ is described as a MegaDAO that integrates leading DeFi protocols to optimize yield with veTokenomics, liquid Ethereum restaking, and Bitcoin staking via Babylon. Penpie locks PENDLE tokens to obtain governance rights and enhanced yield benefits within Pendle Finance, leveraging mPENDLE tokens to provide enhanced rewards and governance rights.
Trading integrations include Camelot Dex on Arbitrum and PancakeSwap on BNB Chain. The platform operates across the Ethereum, Arbitrum, and BNB Chain ecosystems, with a CertiK rating of 3.1. Penpie has raised a total of $586 K in 2 completed rounds, including Token Launch and IDO. The ecosystem continues to evolve with ongoing developments in yield optimization and governance participation.
PNP is not mined through traditional proof-of-work mechanisms. Instead, users can acquire PNP through trading on supported decentralized exchanges such as Camelot Dex on Arbitrum and PancakeSwap on BNB Chain. To participate in the ecosystem, users can lock their PNP tokens on Penpie to receive vlPNP at a 1:1 ratio, which enables them to earn rewards and participate in governance.
Liquidity providers can benefit from increased APR without the necessity to lock PENDLE tokens as vePENDLE. The platform's staking page allows users to stake their tokens and engage with the governance mechanisms. Users can also provide liquidity to PNP trading pairs on supported exchanges to earn trading fees and potential incentives.
To keep your PNP tokens safe, use reputable wallets that support ERC-20 and OFT-20 tokens, such as MetaMask or hardware wallets. Always verify contract addresses before interacting with any token, and ensure you are using the official Penpie website and documentation. The official contract address on Arbitrum is 0x2ac2b254bc18cd4999f64773a966e4f4869c34ee.
Store your private keys securely and never share them with anyone. Be cautious of phishing attempts and unofficial links. Since PNP operates on blockchain technology, transactions are immutable and cannot be altered or deleted, ensuring the system's integrity. However, this also means that lost or stolen tokens cannot be recovered. Always double-check the URLs you visit and use official explorers like etherscan.io and Arbiscan to verify token information.
To purchase PNP, you will need a compatible cryptocurrency wallet such as MetaMask. First, add the appropriate blockchain network to your wallet, such as Arbitrum or BNB Chain. Next, deposit the native gas token for that network, such as ETH for Arbitrum or BNB for BNB Chain, into your wallet to cover transaction fees.
Then, connect your wallet to a decentralized exchange that supports PNP trading, such as Camelot Dex on Arbitrum or PancakeSwap on BNB Chain. Select the PNP token and the amount you wish to purchase, then confirm the swap transaction. After the transaction is confirmed, the PNP tokens will appear in your wallet. Always verify the contract address before trading and ensure you are using the official platforms listed in the project's documentation.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PNP are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Penpie (PNP) is $0.277864. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PNP to USD rate at the top of BTCC’s price page. In terms of market scope, Penpie records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $413.410139K. Its current circulating supply stands at 1.51M out of a maximum supply cap of ∞.
The price volatility of Penpie (PNP) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (1.51M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Penpie (PNP) hit an all-time high (ATH) of $6.911739 on 2024-04-12 04:05, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.129092 on 2026-06-06 16:35. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading PNP futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PNPUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Penpie, simply log into your BTCC account with USDT margin available, navigate to the PNPUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for PNPUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.277864), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for PNPUSDT with zero financial risk.
Trading Penpie (PNP) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for PNPUSDT, and review its live price ($0.277864) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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