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Pendle Restarts AURA LSD Fund Pool with Incentive Measures for VePENDLE Holders

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According to reports, Pendle posted on social media stating that it has restarted the AURA LSD fund pool, and voting for all new Aura fund pools has now been opened. Incentive meas

Pendle Restarts AURA LSD Fund Pool with Incentive Measures for VePENDLE Holders

According to reports, Pendle posted on social media stating that it has restarted the AURA LSD fund pool, and voting for all new Aura fund pools has now been opened. Incentive measures have been launched today at 8:00 Beijing time, and vePENDLE holders can now vote to earn rewards.

Pendle has restarted AURA LSD fund pool

Pendle, the decentralized exchange for tokenized yield markets and futures contracts, has announced the restart of the AURA LSD Fund Pool, a liquidity provider pool for the AURA token, a governance token for the Pendle platform. According to reports, Pendle posted on social media stating that voting for all new Aura fund pools has now been opened, and incentive measures have been launched, allowing vePENDLE holders to vote and earn rewards.

What is Pendle?

Pendle is a DeFi protocol that allows users to trade and hedge tokenized yield markets, making it easy for yield farmers to manage their risks and optimize their yields. The platform offers futures contracts and options for a range of yield-bearing tokens, such as Curve’s stablecoin pools, Aave’s interest-bearing tokens, and Compound’s cTokens. It also provides an exchange for market participants to trade these futures contracts peer-to-peer.

What are AURA tokens?

AURA is Pendle’s governance token, which allows holders to vote on proposals and influence the direction of the platform’s development. It is also used to reward liquidity providers who contribute to the liquidity pools for yield-bearing tokens. AURA is currently trading on several decentralized exchanges, including Uniswap and SushiSwap.

Restarting the AURA LSD Fund Pool

The AURA LSD Fund Pool is a liquidity provider pool for the AURA token, which allows users to provide liquidity in exchange for AURA rewards. The pool was temporarily closed for maintenance and upgrades, but it has now been reopened, with new incentive measures in place to encourage participation. vePENDLE holders, who hold a certain amount of Pendle’s vePENDLE token, can now vote on the allocation of rewards in the AURA LSD Fund Pool, earning a share of the rewards proportional to their voting power.

Incentive Measures for vePENDLE Holders

Pendle has launched new incentive measures to encourage vePENDLE holders to participate in the governance of the platform. These measures include a multiplier on the AURA rewards for those who vote in the AURA LSD Fund Pool, with the highest multipliers going to those who have held their vePENDLE tokens for the longest time. The platform has also announced that it will be airdropping a new token, PENDLE-DAI, to vePENDLE holders who vote in the AURA LSD Fund Pool. The PENDLE-DAI token will be used in future incentive programs on the platform.

Conclusion

Pendle’s announcement of the restart of the AURA LSD Fund Pool and the launch of new incentive measures for vePENDLE holders is a positive development for the platform and its users. By providing additional rewards and airdrops, Pendle is incentivizing participation in the governance of the platform, which will ultimately benefit its users and the wider DeFi community.

FAQs

#How do I become a vePENDLE holder?

You can become a vePENDLE holder by staking your Pendle tokens in the VePendle contract on the Ethereum blockchain. This will lock up your tokens for a certain period, during which time they will accrue voting power and the ability to earn additional rewards in Pendle’s liquidity pools.

#What is PENDLE-DAI?

PENDLE-DAI is a new token that Pendle is airdropping to vePENDLE holders who participate in the AURA LSD Fund Pool. It can be used in future incentive programs on the Pendle platform and may have additional utility in the future.

#How do I vote in the AURA LSD Fund Pool?

To vote in the AURA LSD Fund Pool, you must hold a minimum of vePENDLE tokens, which you can acquire by staking your Pendle tokens in the VePendle contract. Once you have vePENDLE tokens, you can vote on the allocation of rewards in the AURA LSD Fund Pool through Pendle’s governance portal.

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