Penpie (PNP)

Tokenomics & Utility

Penpie documents a total PNP supply of 10 million tokens. PNP’s main role is governance: a holder can lock PNP on Penpie to receive vlPNP at a one-to-one rate. Locked holders can vote on Penpie proposals and take part in its voting and reward programs. PNP has also been used as an incentive for activity within the platform. (docs.penpiexyz.io)

Locking has its own timetable. PNP placed into vlPNP stays locked until the holder starts an unlock. A normal unlock has a 60-day cooldown. Penpie also documents an earlier “force unlock” option with a penalty. During cooldown, the position can continue to receive eligible rewards, but it cannot vote. This design links governance participation to a longer commitment than simply holding PNP in a wallet. (docs.penpiexyz.io)

Penpie has distributed benefits from different activities to different groups. Liquidity providers, mPENDLE stakers, and vlPNP holders have each had roles in its reward structure. The community can change those allocations through governance; for example, past proposals adjusted emissions and revenue sharing. A proposal published in July 2026 asks holders to vote on ending future PNP emissions while leaving already earned rewards unaffected. It describes a proposed change, rather than a new fixed rule for the token. (docs.penpiexyz.io)

PNP, mPENDLE, and PRT therefore serve distinct purposes. PNP is the governance and incentive token. mPENDLE came from converting PENDLE through Penpie’s wrapper. PRT was created for the recovery process following the 2024 exploit. Keeping those roles separate makes the project’s economic model easier to follow. (docs.penpiexyz.io)