Liquid wrappers keep robbing their users. Penpie is introducing new fees. In DeFi today, if you don’t have knowledge, you’ll end up paying someone who does. Meanwhile, @VemoNetwork users pay no fees on their locked $PENDLE.

I have a problem. I want to invest in @pendle_fi but hate liquid lockers. I don’t want to pay high fees on Ethereum mainnet for voting, harvesting, etc. I also want the option to sell my vePENDLE someday or move it between wallets. And I guess @VemoNetwork can solve my issue⬇️ =-=-=-=-=-=-=-=-= Why I Hate Liquid Lockers Let’s be real: they’re a trap. They promise great returns and flexibility, but it’s like signing up for a gym membership you can’t cancel. Your tokens are locked up tight, and the fees take a good chunk of your earnings. And when you finally decide to take advantage of the main selling point of liquid lockers - liquidity - you’ll discover what depegs are and how exiting the project will cost you a big part of your investment. I’m big on $PENDLE, but I want flexibility. If I lock up tokens, I still want to be able to manage them easily—shift them between wallets, trade them if needed, and not bleed out on gas fees for every tiny action. Turns out, @VemoNetwork might have a solution worth checking out. =-=-=-=-=-=-=-=-= NFT Accounts That Work Like Wallets Here’s the idea: Vemo is using ERC-6551 to create something they call “NFT Accounts.” It’s like turning an NFT into a container—or more simply, a wallet. When you mint one of these NFT Accounts, you can fill it with tokens like $PENDLE or whatever you’re working with. Then, using @WalletConnect, you link this NFT Account to a project’s website and lock your tokens just like you normally would. The cool part ? You can move it between wallets, sell it as a regular NFT, or just keep it wherever you want. You can even send it to a multisig and manage it from there (that’s what I do) or even move it to your @infinex_app account. No more being stuck with one address or locked into a position you can’t change. =-=-=-=-=-=-=-=-= Let Vemo Handle the Dirty Work Here’s where it gets interesting: once your tokens are locked, Vemo lets you delegate certain actions to them. Right now, this feature is only available for vePENDLE. They’ll vote with your tokens and harvest your rewards for you. So instead of paying gas fees every time you want to participate in governance or claim yield, Vemo handles it for you. And don’t worry—Vemo doesn’t have access to your NFT or your tokens. Sounds too good to be true, right ? Why would they do this for free ? Well, for now, the project is still very new—it’s more of a marketing play. They take just 0.01% of the rewards they harvest. But in the long run, as more whales start using the platform, those tiny fees could add up and cover their costs. Smart move if they can scale it. =-=-=-=-=-=-=-=-= Marketplace The project has already launched its own NFT marketplace, where NFT Accounts with $esGS by @GammaSwapLabs are already being traded. At the same time, you can list your NFT on any other NFT marketplace as well. =-=-=-=-=-=-=-=-= Why It Matters If Vemo delivers, it’s not just about $PENDLE - it’s about rethinking how locked governance tokens work. This could be the blueprint for projects everywhere to stop holding users hostage. And, by the way, they recently teased a new feature for creating delta-neutral positions with @PancakeSwap + @GammaSwapLabs. Looks like these guys have a ton of strategies up their sleeve. =-=-=-=-=-=-=-=-= The ones you should keep an eye on: @crypto_linn @Rightsideonly @rektdiomedes @chutoro_au @_SmokinTed @zerototom @yieldinator @btclin @twindoges @poopmandefi @CryptoShiro_ @enijoshua_ @splinter0n @belizardd @defi_blackjoker @blockscriber @moic_digital @cchungccc