MIP #96 - Determine Magpie’s Stance on Penpie’s PIP #25

Abstract

This proposal seeks to determine Magpie’s stance on Penpie’s PIP #25, which proposes deferring the execution of PIP #24 until the ownership, allocation rights, and yield entitlement of the relevant PENDLE and sPENDLE assets are explicitly clarified.

Motivation

Following the passage of PIP #24, differing interpretations from the Pendle team and legal counsel have created uncertainty around the treatment of assets unlocked by the retirement of the vePENDLE module.

Supporting PIP #25 would allow Penpie to pause execution until these matters are clarified, reducing potential legal, operational, and governance risks.

Specification

Magpie will vote according to the outcome of this proposal.