Pendle nLP LP & YT Multipliers (wNLP)

LP on Pendle (15x cHIPs)

Get cHIPs on Pendle (25x cHIPs)

How it Works

• HyperEVM – via Hyperbeat

• USDT → nLP exposure → Pendle SY

• This extends the nLP program with explicit cHIPs rewards for YT and LP positions.

Policy

• Base rates:

  • $1 of PT/USDT LP = 1 cHIP per day

  • 1 YT = 1 cHIP per day

• Multipliers:

  • YT multiplier = 25×, PT/USDT LP multiplier = 15×

    • Holding PT alone (after selling YT) earns 0× by default; add liquidity (LP) or hold YT to earn.

Flow

1. Deposit USDT via SY on the chosen chain.

2. SY acquires the underlying exposure (nLP series) and mints Pendle PT/YT.

3. You can hold YT or supply PT/USDT liquidity in the Pendle market (LP token).

4. Your cHIPs accrue off these positions under the rules below (and show in the Points page).

5. Any nLP emissions on the delegated amount pause, so there's no double-counting between base nLP and Pendle lanes. (Delegation rule mirrors our nLP→Pendle design.) cHIPs (points) — Pendle-specific rules

See Pendle intern on wNLP markets

We use a simple, Pendle-only accrual rule to keep UX clear:

• Base: 1 YT or $1 of LP token = 1 cHIP per day

• Multipliers:

  • YT: × 25x

  • nLP-PT/USDT LP token: × 15x

• No double-count: When nLP is delegated to Pendle (minting LP/YT), we pause base nLP cHIPs on that notional and credit only the Pendle lane (YT or LP token) for the duration.

Note: These multipliers apply only to Pendle positions. nLP's own TVL-day rules, lock multipliers, and early-exit discipline remain unchanged.

FAQ

Does this change the base nLP formula?

No. The $1 → 1 cHIP/day rule applies only to Pendle PT/USDT LP positions. The 1 YT → 1 cHIP/day rule applies only to Pendle YT positions.

Where can I see my Pendle cHIPs?

On the Points page under "Pendle YT" and "Pendle LP".

Pendle wNLP Market Info

Pendle LP Info

Provide LP on Pendle (15x cHIPs)

Get cHIPs on Pendle (25x cHIPs)