Temperature Check - List the mPENDLE/PENDLE Pool on Wombat's Voting Gauge

[alan_magpie]

Abstract:
With the scheduled deployment of the mPENDLE/PENDLE pool on Wombat Exchange via Arbitrum, the subsequent step for Penpie involves listing the mPENDLE/PENDLE pool on Wombat’s voting gauge. This would enable mPENDLE/PENDLE liquidity providers to earn a portion of the daily WOM emissions from the platform. Also, Penpie is committed to maximizing this opportunity by offering bribes for Wombat voters in order to get their support.

Motivation:
Listing the mPENDLE/PENDLE liquidity pool on Wombat’s voting gauge allows Penpie to potentially extend its reach by leveraging Wombat’s emission distribution mechanism. This could increase rewards for mPENDLE depositors, leading to greater liquidity depth as users can earn a higher APR. Penpie’s goal is to incentivize voters, creating a mutually beneficial scenario for both platforms, committed liquidity providers for mPENDLE and enhanced benefits for Wombat voters.

Specification:
The proposal entails the listing of the mPENDLE Pool on Wombat’s voting gauge via Arbitrum. Penpie will incentivize Wombat voters who back the pool.

Next Steps:
Upon the successful completion of the temperature check, Wombat will initiate a snapshot voting process for the community to participate in. If this is achieved successfully, Penpie will initiate the process of deploying the mPENDLE pool on the Wombat Exchange voting gauge. Penpie plans to offer weekly PNP incentives to voters supporting the mPENDLE liquidity pool.

References:
Penpie holds more than 24% of the total vePENDLE, solidifying its position as the top vePENDLE holder across both Arbitrum and Ethereum. Approximately 7 million PENDLE tokens have been converted into mPENDLE.

Pendle Wars

Do you agree to list the mPENDLE/PENDLE Pool on Wombat’s Voting Gauge?

• Yes
• No

[orsofounder]

A good idea it will be very interesting

[Jultoshi]

This is a great idea

[hq21]

I think this is net positive for WOM. But important to consider the separate but shared team involved.

Does magpie team participate with voting in gauge?

I think this is important to consider, as they could be in position to give large vote after listing the pair.

[mr.gooddlifee]

Very good idea in my opinion, let’s $WOM the partyyyy !

[0xTaro]

Yes agree this is a great idea; beneficial for both Wombat and Penpie.

[suplife]

Great Idea ! Pendle is a verry good project and Binance Lauchpool supporting project