Merge pull request #215 from pendle-finance/vependle-removal

resolved conflict

Author: HubertHalim

docs/pendle-v2/AppGuide/Calculator.md

@@ -4,7 +4,7 @@ hide_table_of_contents: true
 
 # Pool
 
-Pendle's liquidity pools can be found [here](https://app.pendle.finance/pro/pools). You can see the **Pools**, their **Maturity** date, the total **Liquidity** in the pool, and the current APY of liquidity provision. This **APY** is the base value, and can be boosted with vePENDLE. 
+Pendle's liquidity pools can be found [here](https://app.pendle.finance/pro/pools). You can see the **Pools**, their **Maturity** date, the total **Liquidity** in the pool, and the current APY of liquidity provision.
 
 Liquidity providers receive returns from multiple avenues
 * Fixed rate from PT
@@ -120,5 +120,4 @@ LP needs to be wrapped to ensure Pendle rewards are still properly distributed w
 Wrapped LPs have the following properties: 
 
 - Wrapped LP rewards are claimable on dashboard in Merkle Rewards Tab every few weeks.
-- Wrapped LPs do not receive boost from your vePENDLE.
 - Wrapped LPs are not trackable on the dashboard

docs/pendle-v2/AppGuide/Pool.md

@@ -73,26 +73,3 @@ Currently, there is no market to trade YT, but it is always tradable by the foll
 - `SY ➝ YT` = flashswap SY, mint PT & YT, payback PT, send YT to users.
 - `YT ➝ SY` = flashswap PT, use PT & YT, redeem SY, pay back, send excess to users.
 
-### PendleGauge
-
-PendleGauge is a contract that distributes PENDLE and other rewards generated by SY to Market LP holders. Each Gauge is directly embedded into the corresponding Market, so there is no need to stake LP to receive these rewards. It's important to note that rewards can be redeemed at any time.
-
-The rewards are not distributed based on the amount of LP holdings, but rather on the **activeBalance**. The **activeBalance** is calculated as follows:
-
-```solidity
-activeBalance = min(userLpBalance, userBoostedBalance);
-userBoostedBalance = 0.4 * userLpBalance + 0.6 * totalLpSupply * userVePendleBalance/ totalVePendleSupply;
-```
-
-### VotingController
-
-The VotingController is a contract that allows users to utilize their vePENDLE to vote for markets. This voting process determines the amount of PENDLE each market will receive in the following epoch. Each epoch lasts for one week, beginning at **0:00 UTC on Thursday** and ending at the same time on the following Thursday. During the epoch, users can change their vote as desired, but the vote will only become finalized when the epoch ends.
-
-### GaugeController
-
-The GaugeController is a contract that receives the voting results from the VotingController and distributes PENDLE to the Gauges accordingly. The PENDLE for the epoch is not distributed all at once, but instead is released every second throughout the epoch.
-
-### vePENDLE
-
-The vePENDLE contract allows users to lock their PENDLE in order to receive vePENDLE. Each user's position is represented by a pair of values: `(amount, expiry)`. After the `expiry`, the user can withdraw their `amount` of PENDLE from the contract. The balance of a user's vePENDLE will decay weekly until it becomes zero at expiry.
-

docs/pendle-v2/Developers/HighLevelArchitecture.md

@@ -21,7 +21,6 @@ hide_table_of_contents: true
 
 - [High Level Architecture](./HighLevelArchitecture.md)
 - [StandardizedYield (SY)](./Contracts/StandardizedYield.md)
-- [vePENDLE](./Contracts/vePENDLE.md)
 - [Common Questions](./FAQ.md)
 
 ## Integration Guides

docs/pendle-v2/Developers/Overview.md

@@ -10,12 +10,6 @@ hide_table_of_contents: true
 
 Each PT and YT has an maturity date. For PT, you can redeem the full underlying yield-bearing token after this date. For YT, the yield of the yield-bearing token is only accrued up until the maturity date, after which YT has no value.
 
-### What is an epoch?
-
-For Pendle, an epoch is exactly one week. Each epoch starts at Thursday, 00:00 UTC and ends at Wednesday, 23:59 UTC.
-
-Snapshots of vePENDLE voting are taken every epoch.
-
 ### Why is the Underlying APY shown on Pendle differ from the APY shown in the underlying protocol?
 
 The Underlying APY displayed on Pendle is a 7-day average of the underlying protocol (with some assets like GLP as exceptions) to smoothen out short-term fluctuations of the underlying protocol's APY.
@@ -32,30 +26,6 @@ The Underlying APY displayed on Pendle is a 7-day average of the underlying prot
 
 No, you do not have to stake LP tokens. All LP token holders will receive their fair share of the rewards.
 
-## vePENDLE
-
-### What is vePENDLE?
-
-vePENDLE is Pendle’s governance system. 
-
-### How does vePENDLE work?
-
-Lock PENDLE for vePENDLE. The greater the lock duration, the greater your vePENDLE value. Your vePENDLE value decays over time, but your lock duration can be extended to negate the decay.
-
-Use vePENDLE to channel PENDLE incentives. Vote for your desired pool to incentivize liquidity. The more vePENDLE you have, the more voting power you hold. Voting for a pool entitles you to 80% of the swap fees collected by the pool. This APY is shown in the "Voter APY" prior to casting your vote.
-
-vePENDLE holders also receive a portion of protocol revenue, earned from swap fees and YT fees.
-
-### When does my PENDLE unlock?
-
-You can lock PENDLE for vePENDLE for up to 2 years. One wallet is associated with a single unlock date. If you extend your lock duration or lock more PENDLE, the unlock date will be changed for your entire vePENDLE balance.
-
-### Is there a difference between Ethereum and other chains?
-
-<div className="callout info">
-<strong>Important:</strong> vePENDLE resides solely on the Ethereum blockchain, meaning you can only lock PENDLE and vote from Ethereum, but you can vote for pools on other chains. So incentives can be channelled to other blockchains via voting, but again, voting is only done on Ethereum.
-</div>
-
 ## Security
 
 ### Is Pendle audited?

docs/pendle-v2/FAQ.mdx

@@ -23,7 +23,7 @@ We give users the reins to their yield.
 
 [Pendle](https://pendle.finance/) is a permissionless yield-trading protocol where users can execute various yield-management strategies.
 
-There are 3 main parts to fully understand Pendle:
+There are 2 main parts to fully understand Pendle:
 
 1. Yield Tokenization
 
@@ -34,8 +34,6 @@ There are 3 main parts to fully understand Pendle:
 
     Both **PT** and **YT** can be traded via Pendle’s **AMM**. Even though this is the core engine of Pendle, understanding of the AMM is not required to trade PT and YT.
 
-3. vePENDLE
-
 
 As a yield derivative protocol, we are bringing the TradFi interest derivative market ([worth over $400T in notional value](https://www.bis.org/publ/otc_hy2111/intgraphs/graphA3.htm)) into DeFi, making it accessible to all.
 

docs/pendle-v2/Introduction.md

@@ -29,8 +29,6 @@ Fee wallet for pools launched AFTER 8th October 2024
 :::
 All chains: `0xC328dFcD2C8450e2487a91daa9B75629075b7A43`
 
-Once the token rewards are claimable, the fee wallets will claim the rewards which will later be forwarded to vePENDLE holders.
-
 - **Swap Fees**
 
 Pendle collects a percentage-based swap fee, scaled with maturity, from all PT swaps. Each fee tier will be displayed in the dApp and is decided by the pool deployer (currently only the Pendle team deploys pools on Pendle). 
@@ -41,7 +39,7 @@ Pendle taxes the yield-receivables of PT when swaps occur. This creates a fair f
 
 Pendle has 2 sources of fees **YT fees** and **Swap fees**. 20% of all swap fees are given to LP providers of the pool as yield. 
 
-The remaining swap fees and all YT fees are split between vePendle holders and Pendle protocol in the following ratio 
-- 80% to vePendle
+The remaining swap fees and all YT fees are split between PENDLE buyback fund and Pendle protocol in the following ratio 
+- 80% for PENDLE buyback
 - 10% to Protocol Treasury
 - 10% to Protocol Operations