Pendle Arbitrum Season

Season’s greetings from Pendle!

For those of you who missed the memo, Pendle is a proud recipient of the Arbitrum Short-Term Incentives Program (STIP).

And what better way to celebrate the joy of Arbitrum season than with our most loyal supporters — you!

Starting from 9 November 2023 00:00 UTC, Pendle users will have the chance to earn additional ARB rewards and rebates, simply by using Pendle.

Read on to find out more!

ARB for LP, LP for ARB 🎁

During the course of Arbitrum Season, Pendle LPs will be able to earn extra ARB rewards.

All you have to do is remain or become an active Pendle LP of Arbitrum pool(s) and…voila!

Note:

• Only Arbitrum pools will be eligible for ARB rewards
• Similar to PENDLE incentives, ARB allocation to pools will be determined weekly by vePENDLE votes
• ARB rewards will be boostable by vePENDLE
• ARB rewards will be reflected in the APY numbers and breakdown on the pool UI
• Distribution of rewards will be based on your pool balance and vePENDLE boost during the campaign, which means that only Pendle LPs during Arbitrum Season will be eligible

Swap Fee Rebate 🏷️

What’s a holiday season without discounts and rebates?

Get ready for a season of shopping joy with Pendle, where you can qualify for ARB Fee Rebates!

But hurry up — stock is limited and will be distributed on a first-come-first-serve basis every week.

Note:

• Weekly cap of 26,500 ARB (subject to adjustment after 2 weeks)
• 75% fee rebate will be given to Pendle trades, including buy/sell of PT and YT, and zap in/out of LP (only applicable to Arbitrum markets)
• 75% of the fees paid for any transactions will be rebated in ARB. Total rebate amount and prices will be calculated at the point when ARB is distributed at the end of each epoch (every Wednesday 23:59 UTC)
• An estimated amount of fee rebate will be projected in real time and shown to the user when they enter an input value in the swap page

Arbitrum Season Dashboard (Coming soon on 16 November) 🎄

The Arbitrum Season page will serve as your command center through this festive period, complete with all you need to know about this limited-time campaign.

Here, you can easily monitor the weekly fee rebate cap, keep a tally of your hard-earned ARB rewards, make claims directly through this Dashboard and many, many more (to come soon).

Please note that all rewards distributions will take place every Thursday at 00:00 UTC, and you’ll be able to claim them directly from the Arbitrum Season Dashboard.

What’s Next?

Rejoice, for we’re only in the very first leg of Pendle’s Arbitrum Season, with plenty more in the works.

In the future, Pendies will have more ways, more opportunities to earn ARB, including but not limited to climbing the Pendle Leaderboard, tackling various quests, trying out new features and many more.

Stay updated on anything Pendle by following us on Twitter or joining our Discord group.

Pendle yield and sharing ARB, this is how the holiday starts ~