PIP #14 - Utilizing ENA Airdrop for mPENDLE/PENDLE Liquidity

Abstract

This proposal aims to allocate the received additional ENA airdrop to improve and deepen the protocol-owned liquidity of the mPENDLE/PENDLE pair on Penpie. It is important to note that this airdrop is an additional benefit provided to the Penpie protocol on top of the airdrop already distributed to individual users. Individual users have already received their respective shares from ENA directly. The proposed allocation of this airdrop will bolster the liquidity pool, thereby enhancing trading efficiency and stability.

Motivation

The proposed use of this ENA airdrop will focus on enhancing the liquidity of the mPENDLE/PENDLE pair. Improving liquidity is crucial for reducing slippage, increasing market stability, and providing a better trading experience for users. By utilizing the ENA airdrop in this manner, we ensure that the protocol benefits directly, supporting our strategic objective of maintaining robust liquidity pools and thereby strengthening the Penpie ecosystem.

Specification

Utilize the additional ENA airdrop to enhance the protocol owned liquidity of the mPENDLE/PENDLE pair on Penpie.