⚡ The most underestimated way to make money in PENDLE: vePENDLE hands-on tutorial—— I have noticed that many people have bought PENDLE but still don't know: how else can it make money besides waiting for the coin price to rise? These people really missed out on big profits! In fact, Pendle has long been distributing the daily transaction fees, interest, and redeemed profits it earns as dividends - it just doesn't automatically transfer them to your wallet, but rather to those who are truly 'locked in'. That is to say, just holding PENDLE still, you are just a nominal shareholder; Only by becoming a holder of vePENDLE through lock up can one truly receive a continuous stream of protocol dividends. Yes, congratulations, you are about to learn the most core, undervalued, and easily overlooked way to make money in @ pendle_fi - locking up and receiving dividends. one ️⃣ What is vePENDLE? In one sentence: lock up PENDLE → obtain vePENDLE → receive dividends from Pendle platform. VePENDLE is not a new currency, but a governance certificate that represents your ownership interest in the Pendle protocol -Voting rights -Profit dividend right -LP Revenue Boost Right The lock up time can be freely chosen (0-2 years), and the longer the time, the more vePENDLE will be obtained. After expiration, the original PENDLE can be retrieved. two ️⃣ How does Pendle give you money through vePendle? Pendle's distributable income comes from four sources: 1) YT interest income -5% commission 2) Swap transaction fee - about 80% split from high trading volume pool 3) Expired but not redeemed earnings - interest generated by PT that has expired but not been claimed 4) Points market commission - distributed proportionally after TGE of project tokens Pendle consolidates these revenues and settles them monthly, distributing them to all vePENDLE holders. three ️⃣ Hand in hand teaching: How can vePENDLE make money? Step 1: Lock the warehouse to obtain vePENDLE 1) Enter the lock up page https://app.pendle.finance/vependle/lock/update 2) Select the number of PENDLEs you want to lock and the lock duration 3) Click confirm to sign the transaction Tips: After locking in, the vePENDLE you receive will decrease linearly every week, but you can extend the locking time at any time to maintain the weight of returns. Step 2: Voting to earn transaction fees Pendle starts a voting cycle once a week, and the deadline for voting is every Thursday morning at 8am (UTC+8). Note that this is important for vePendle holders. If you don't vote, you can only receive a 5% YT revenue fee (Base APY). By voting for the pool every week, you can earn an additional 80% Swap processing fee (Voter APY), which directly boosts your overall return by one level. 1) Enter the voting entrance https://app.pendle.finance/vependle/vote 2) Identify which pools have high Voter APY and usually prioritize those with high trading volume 3) By voting, you can receive the trading fee dividends from this pool Step 3: LP Boost If you provide liquidity (i.e. group LP) on Pendle, holding vePENDLE will automatically add a yield acceleration buff to all your pools, up to a maximum increase of 2.5 times! For example: With the same investment of 10000U in liquidity, while others receive 10 PENDLE rewards per day, holding vePENDLE increases the Boost coefficient to 2.5x, allowing you to receive 25 rewards per day. No additional actions are required, no specific pool voting is needed, no individual voting is required, as long as you hold vePENDLE, it will take effect globally for all your LPs, and your earnings will automatically accelerate. Step 4: Collecting Money Around mid to late each month, Pendle will settle the previous month's dividends and directly send stablecoins to your account. Enter the vePENDLE panel and manually "Claim" to receive dividend income. https://app.pendle.finance/vependle/dashboard four ️⃣ At the end: Only agreements that can split money are qualified to discuss long termism In recent years, the market has been flooded with various empowering tokens. No matter how beautifully written or complex the design is, the ultimate question remains - can it truly make money? Most agreements talk about 'value capture', but there is no profit to be shared at all. A clever woman cannot cook without rice, and any economic model is meaningless. And @ pendle_fi is one of the few protocols that truly allows for money to be divided and is willing to do so. It relies solely on real transaction volume, transaction fees, and revenue streams, and through vePENDLE, redistributes to truly engaged and long-term individuals, allowing the entire ecosystem to pay users on its own. This kind of agreement will make people willing to lock up their positions, because users are not receiving empty checks, but real cash flows. The more users trade, the more active the pool becomes, The more you earn from the agreement, the more you will share. The stronger Pendle, the stronger PENDLE, and the more fragrant vePENDLE. This is what I understand as the 'holder economy' - dividends are the underlying logic of long-term trust. In the world of DeFi, this model is extremely rare and also extremely real! You can add Pendle's official communication channel, where many experts will answer questions and provide financial education! https://t.me/PendleFinance_CN