⚡️The Most Underestimated Way to Make Money with PENDLE: A Step-by-Step Guide to vePENDLE——
I found that many people who bought $PENDLE still don't know: besides waiting for the price to rise, how else can it make money?
These people are truly missing out on big profits!
In fact, Pendle has long started distributing the daily earned fees, interest, and unclaimed earnings as dividends—it's just that it won't automatically send them to your wallet, but rather to those who have truly "locked up" their assets.
In other words, just holding $PENDLE without action makes you a nominal shareholder;
Only by locking up and becoming a vePENDLE holder can you truly receive a continuous stream of protocol dividends.
Yes, congratulations, you are about to learn the most core, underestimated, and easily overlooked way to make money in @pendle_fi—locking up for dividends.
1️⃣What is vePENDLE?
In a nutshell: Lock up PENDLE → Obtain vePENDLE → Receive dividends from the Pendle platform.
vePENDLE is not a new token; it is a governance credential that represents your ownership rights in the Pendle protocol:
- Voting rights
- Dividend rights
- LP yield boost rights
The locking period can be freely chosen (0–2 years); the longer the time, the more vePENDLE you will receive, and you can retrieve the original PENDLE after the term ends.
2️⃣How does Pendle distribute profits through vePENDLE?
Pendle's distributable income comes from four sources:
1) YT interest income — 5% cut
2) Swap transaction fees — approximately 80% from high-volume pools
3) Unclaimed earnings at maturity — interest generated from PT that has matured but not claimed
4) Market share cut — proportionally distributed after the project's token TGE
Pendle aggregates these incomes and settles them monthly, distributing them to all vePENDLE holders.
3️⃣Step-by-Step Guide: How to Make Money with vePENDLE?
📍Step 1: Lock Up to Obtain vePENDLE
1) Go to the locking page 👉 https://app.pendle.finance/vependle/lock/update
2) Choose the amount of PENDLE to lock and the locking duration
3) Click confirm and sign the transaction
💡 Tips: The vePENDLE you receive after locking will decrease linearly each week, but you can extend the locking period at any time to maintain your earning weight.
📍Step 2: Vote to Earn Fees
Pendle opens a voting period every week, with voting closing at 8 AM (UTC+8) every Thursday.
Note, this is very important for vePENDLE holders.
If you don’t vote, you can only receive 5% of the YT earnings fee (Base APY).
By voting for the pools each week, you can earn an additional 80% of the Swap transaction fees (Voter APY), directly boosting your overall returns.
1) Go to the voting portal 👉 https://app.pendle.finance/vependle/vote
2) Check which pools have high Voter APY, usually prioritizing those with high trading volume
3) Vote, and you will receive the transaction fee dividends from that pool
📍Step 3: LP Yield Boost
If you provide liquidity on Pendle (i.e., create LP), holding vePENDLE will automatically apply a yield boost buff to all your pools, with a maximum increase of 2.5 times!
For example:
If you invest 10,000 U in liquidity, others might earn 10 PENDLE rewards in a day, but because you hold vePENDLE, your Boost factor increases to 2.5x, allowing you to earn 25 PENDLE daily.
No extra operations are needed, no specific pool voting is required, and no separate voting is necessary; just holding vePENDLE will globally affect all your LPs, automatically accelerating your earnings.
📍Step 4: Claim Your Earnings
Around mid to late each month, Pendle will settle the dividends from the previous month and directly send stablecoins to your account.
Go to the vePENDLE dashboard and manually "Claim" your dividend earnings.👉
https://app.pendle.finance/vependle/dashboard
4️⃣In Conclusion: Only Protocols That Distribute Profits Are Qualified to Talk About Long-Termism
In recent years, the market has been flooded with various empowering tokens; no matter how beautifully written or complexly designed, they ultimately revolve around one question—can they really make money?
Most protocols talk about "value capture," yet they have no profits to distribute. A skilled cook cannot make a meal without rice; discussing any economic model is meaningless.
However, @pendle_fi is one of the few protocols that can genuinely distribute profits and is willing to do so.
It relies solely on real trading volume, transaction fees, and income streams, redistributing through vePENDLE to those who truly participate and commit long-term, allowing the entire ecosystem to pay users.
Such protocols encourage users to lock up their assets because what users receive is not an empty promise but real cash flow.
The more users trade, the more active the pools,
The more the protocol earns, the more you earn.
The stronger Pendle becomes, the stronger $PENDLE will be, and the more attractive vePENDLE will become.
This is my understanding of the "holder economy"—dividends are the underlying logic of long-term trust.
In the world of DeFi, this model is extremely rare and incredibly real!
You can join Pendle's official communication channel, where many experts will answer questions and provide financial education!👉 https://t.me/PendleFinance_CN
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