Magpie

Hello Magpies! After a successful Mainnet Launch and IFO on PancakeSwap we introduce you: Magpie Liquidity Mining Program. This mechanism allows users to earn $MGP rewards by depositing tokens on the platform. Magpie seeks to incentivize depositors by allocating MGP emissions to each pool.Details:45% of MGP Total token supply is assigned to the Liquidity Mining program. By maximum 2% of 45% can be unlocked in each of the first 2 months. Followed by 1% maximum unlock every month moving forward, though actual deployment of unlocked tokens may be lower, depending on market conditionsWho can participate in Magpie’s liquidity mining?<ul><li>mWOM stakers will receive MGP emission.</li><li>MGP lockers (Vote-Locked MGP holders) will receive MGP emission.</li><li>Main pool, Side pool and BNB pool depositors will receive Vote-Locked MGP (vlMGP) emission.</li></ul>Deposit in any of <a href="https://www.magpiexyz.io/stake" rel="noopener noreferrer nofollow">these pools</a> to earn a share of Liquidity Mining rewards:<img src="https://miro.medium.com/max/1400/1*S6yUrMBrIlBnJK6aNwaX6w.jpeg" />Vote-Locked MGP (vlMGP) unlock mechanism:To fully unlock vlMGP without any penalty users must wait 60 days before unlocking their tokens. This unlocking period is also known as “Cool Down”.Users may force unlock (before 60 days have passed) but a penalty will be applied. At day 1, penalty cost is 80% of the total MGP tokens locked by the user and will decrease non-linearly over time.Details:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b9b4e6ee62da40ec96a95eb73580af82.png" /><ul><li>If you force unlock at Day 1: 80% penalty</li><li>If you force unlock at Day 15: 75% penalty</li><li>If you force unlock at Day 30: 60% penalty</li><li>If you force unlock at Day 45: 35% penalty</li><li>If you unlock at Day 60: 0% penalty</li></ul>Note: Every unlock triggers an independent unlock schedule and there can be at most 6 schedules running at the same time. During the cool down (unlocking period), vlMGP still receives rewards.What happens with tokens accumulated from penalty?All tokens accumulated from penalty will be sent to a penalty multisig andEvery two weeks:<ul><li>40% of the accumulated penalty will be burnt.</li><li>20% of penalty will be added to mWOM pool emission.</li><li>20% of penalty will be added to vlMGP pool emission.</li><li>20% of penalty will be voted by vlMGP holders to decide which pools to add to for the next 2 weeks cycle.</li></ul>Thank you MagpiesWe want to take a moment and express our gratitude to all of our supporters around the world. Know that none of this would be possible without you. We will continue to improve in every possible aspect to offer you the best user experience, from a clean UI to industry leading platform security. The time to build the future is now!About Magpie XYZ: Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols .Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.<a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Website</a> / <a href="https://twitter.com/magpiexyz_io" rel="noopener noreferrer nofollow">Twitter</a> / <a href="https://discord.com/invite/magpiexyz" rel="noopener noreferrer nofollow">Discord</a> / <a href="https://t.me/magpiexyz_io" rel="noopener noreferrer nofollow">Telegram</a> / <a href="https://docs.magpiexyz.io/" rel="noopener noreferrer nofollow">Gitbook</a> / <a href="https://link3.to/magpiexyz" rel="noopener noreferrer nofollow">Link3</a> / <a href="https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.0.pdf" rel="noopener noreferrer nofollow">Peckshield Audit</a> / <a href="https://github.com/zokyo-security/audit-reports/blob/main/Magpie_Zokyo%20audit%20report.pdf" rel="noopener noreferrer nofollow">Zokyo Audit</a>

MGP Liquidity Mining

Magpie XYZ

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