Hold LP MNT or YT MNT on Pendle to accumulate MNT Power (MP), which can be used to earn ecosystem rewards within Mantle Rewards Station.

With the mETH Protocol rewards pool being the only active pool, all accrued MP will be automatically allocated to it, allowing you to earn $COOK!

Hold on Pendle Now

Event Period: Aug. 29, 2024 - Oct. 9, 2024

With the introduction of Pendle MNT Pools, $MNT holders now have the ultimate flexibility to earn rewards on both Pendle and Mantle Rewards Station. Here's how:

(1) Provide Liquidity for MP and More

Zap in $MNT to Pendle’s MNT Pool to accrue yield, $PENDLE incentives, and swap fees. In exchange for providing liquidity, users will receive LP MNT and YT MNT qualifying them to accrue MP on Mantle Rewards Station.

Step 1

• Find your way to the MNT Pool and connect your wallet

Step 2

• Select your input asset from the dropdown menu.
• Enter the amount of liquidity you wish to provide.

Step 3

• Confirm and approve the transaction by clicking “Zap In.”

Please note that all gas fees mentioned in this guide are paid in $MNT tokens, so make sure you have a sufficient $MNT balance in your wallet.

Users are free to remove liquidity at any time by following these steps:

• Select the “Zap Out” tab.
• Enter the amount of liquidity you wish to remove.
• Approve the withdrawal amount and select "Zap Out."

(2) Swap Into YT MNT to Leverage Your MP Exposure

Buying YT can be seen as "longing the yield" of an asset, making it an attractive option for those with a higher risk preference. Swapping into YT MNT, therefore, allows holders to leverage their MP exposure while speculating on future yields.

Here's how users can get YT MNT:

Step 1

• Navigate to the YT MNT market and connect your wallet.

Step 2

• Select your chosen input asset and the amount you want to swap.
• Confirm the amount of YT MNT you'll receive.
• Finalize the swap by selecting the "Swap" button and paying associated gas fees.

Do note, 1 YT MNT represents the yield of 1 WMNT deposited on Mantle will have 0 value at maturity. Users are free to exit anytime at the market price by:

• Selecting the “Sell YT” tab.
• Enter the amount of YT MNT you wish to swap out of.
• Confirm the output asset you wish to swap into.
• To complete the swap out of YT MNT, click "Swap" and pay the associated gas fees.

There you have it! You pick the route you want to pursue, put your $MNT to work, and start accruing MP!

Please note: Upon launch, MNT positions on Pendle will be automatically indexed, and users will be able to view their MNT Power on Mantle Rewards Station.

For more information on the Pendle MNT Pools, check out Mantle’s and Pendle’s X/Twitter. If you have any questions, feel free to reach out to our team on Mantle Discord.