Votemarket launches vePENDLE vote incentives
vePENDLE holders and Pendle pool deployers can now enjoy all the benefits of Votemarket!
Stake DAO’s Votemarket now supports vePENDLE, enabling protocols to access 20M vePENDLE gauge votes through efficient, transparent, multi-week campaigns.
vePENDLE holders can monetize their voting power through automated incentive distribution and weekly reward claims.
Benefits for Protocols
Targeted Vote Purchasing: Access up to 20M vePENDLE votes (subject to availability), to direct PENDLE incentives toward specific pools.
Enhanced Campaign Efficiency: Deploy multi-week campaigns with decentralised and automated distribution, eliminating manual coordination.
Price protection: Votemarket smart contracts include a cap price for votes, that protocols can define to target a certain minimum efficiency.
Benefits for vePENDLE Holders
Monetized Voting Power: Claim vote incentive rewards on a weekly basis.
Additional Yield Opportunities: Vote incentives provide incremental weekly returns alongside standard Pendle protocol monthly rewards and pool fees.
Flexible Claims: Claim weekly rewards at your discretion through automated distribution, subject to smart contract execution.
How It Works
Protocols purchase governance influence through transparent on-chain mechanisms. vePENDLE holders automatically access proportional rewards based on their voting power contribution. All transactions occur via audited smart contracts, providing full on-chain transparency and ensuring a non-custodial structure.
The integration joins existing Votemarket support for veCRV, veBAL, veFXN, and veFXS, creating a unified marketplace for governance influence across protocols.
Getting Started
Protocols may deploy campaigns directly through the Stake DAO Votemarket platform. vePENDLE holders begin accruing vote incentives automatically, with no additional configuration beyond holding vePENDLE and voting on vePENDLE weekly inflation allocation votes.
For more information, visit www.stakedao.org, join Stake DAO’s community telegram chat or follow @StakeDAOHQ on X.
About Stake DAO
Stake DAO is a non-custodial DeFi platform that enables users to access competitive yield on digital assets. With a focus on security, performance, accessibility, and innovation, Stake DAO serves a global community of stakers through its intuitive interface and a range of on-chain strategies.
About Pendle
Pendle is a DeFi protocol that tokenizes future yield from yield-bearing assets, splitting them into principal tokens (PT) and yield tokens (YT) that can be traded separately. This creates a derivatives market where users can either lock in fixed returns by buying discounted principal tokens or speculate on yield rates by trading the yield components.
