PenpiePrice(PNP)
Details Penpie (PNP) Price information (USD)
The current real-time price of PNP is $0.3421. In the past 24 hours, PNP has traded between $0.3340 and $0.3476, showing strong market activity. The all-time high of PNP is $7.01, and the all-time low is $0.3019.
From a short-term perspective, the price change of PNP over the past 1 hour is
Penpie (PNP) Market Information
Penpie (PNP) Today's Price
The live price of PNP today is $0.3421, with a current market cap of $2.491M. The 24-hour trading volume is 1K. The price of PNP to USD is updated in real time.
Penpie (PNP) Price History (USD)
What is PENPIE (PNP)?
When is the right time to buy PNP? Should I buy or sell PNP now?
Before deciding whether to buy or sell PNP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PNP technical analysis can provide you with trading references.
Future price trend of PNP
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PNP.
How much will PNP be worth tomorrow, next week, or next month in ? What about your PNP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PNP Price Prediction
How to buy PENPIE (PNP)
Convert PNP to local currency
PNP Resources
To learn more about PNP, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
arbitrum-one | 0xc61d...53feff  | 5.193M | 53.09% |
arbitrum-one | 0x18b2...8aa23c | 2.189M | 22.38% |
arbitrum-one | 0xb62e...c4efae | 418.710K | 4.28% |
arbitrum-one | 0x45cb...2f076b | 278.830K | 2.85% |
arbitrum-one | 0xddd0...e289f6 | 255.078K | 2.61% |
Other | 1.447M | 14.79% |
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PENPIE (PNP) FAQ
What is Penpie (PNP)?
Penpie is a next-generation DeFi platform developed by Magpie, specifically designed to enhance yield and optimize veTokenomics within the Pendle Finance ecosystem. It achieves this by locking PENDLE tokens, which grants Penpie governance rights and boosted yield benefits for its users. This mechanism allows Penpie to offer an attractive value proposition to those looking to maximize their returns in the DeFi space.
What is PNP used for?
PNP serves as Penpie's governance and revenue-sharing token. Users can lock PNP to acquire vlPNP, empowering them to participate in critical governance decisions and influence the platform's future direction. Beyond governance, PNP offers utility in various ways, such as enabling arbitrage trading opportunities, earning yield through staking mechanisms, and facilitating lending activities. It also supports sending and payment functionalities within its ecosystem.
What is the technology behind Penpie?
Penpie leverages mPENDLE, which is its own version of the PENDLE token. Users can convert their PENDLE to mPENDLE at a 1:1 ratio, which then allows them to earn higher Annual Percentage Rates (APRs). The platform operates on a decentralized ledger, a fundamental component in ensuring both transparency and security across its operations. This technological foundation is designed to provide a robust and trustworthy environment for its users.
Who are the founders of Penpie?
The founders associated with Penpie are Mitchell Amador and Adam Iza. However, their involvement with the project has been linked to a significant security incident. This aspect is an important consideration for anyone evaluating the project's history and leadership, as it highlights potential risks and past challenges faced by the team.
What key events have occurred with Penpie?
A significant milestone for Penpie was the successful launch of its ecosystem, which established its integration with Pendle Finance. More recently, the project faced a critical security challenge in September 2024, when it experienced a security breach. This incident resulted in a substantial financial impact, highlighting both the project's development progress and the inherent risks present in the dynamic Web3 space.
Are Penpie's smart contracts audited?
It is crucial for all users and potential participants to verify the security of Penpie's smart contracts. While smart contract audits are a standard practice for ensuring code integrity and mitigating risks, users should actively confirm that such audits have been completed. The Penpie team is expected to provide transparent links to any audit reports on their official website, allowing users to review them directly for assurance.
