Magpie

On Magpie, BNB &amp; Liquid Staked BNB holders can deposit their assets to earn boosted passive income as liquidity providers.Introducing the Liquid Staking Giveaway, a collaboration between Stader, pStake, and Magpie. Earn rewards through liquid staking, while maintaining the flexibility to use your staked tokens on DeFi platforms such as Magpie. Don’t miss the chance to <a href="https://galxe.com/magpiexyz/campaign/GCGDLU4eLf" rel="noopener noreferrer nofollow">win a share of $1,000 in tokens.</a>Simply mint both, the <a href="https://galxe.com/magpiexyz/campaign/GCCmLU4D4m" rel="noopener noreferrer nofollow">Stader BNBx OAT</a> and the <a href="https://galxe.com/magpiexyz/campaign/GC3LLU4WKk" rel="noopener noreferrer nofollow">pStake stkBNB OAT</a> to participate. Each partner project offers a prize pool of 1 Liquid BNB, and Magpie offers an additional 1 BNB worth of MGP tokens for users who mint both OATs. <a href="https://galxe.com/magpiexyz/campaign/GCGDLU4eLf" rel="noopener noreferrer nofollow">Enter here!</a>( Ends March 13th 2023)<h3 id="what-is-bnb">What is BNB?</h3>BNB is the native currency of the BNB Chain blockchain and also can be used to trade and pay fees on the Binance exchange. BNB employs an Auto-Burn mechanism aimed at reducing its supply to 100 million BNB. The system adjusts the amount of BNB burned based on the BNB price and the number of blocks generated on the BNB Chain during each quarter, providing increased transparency and predictability to the BNB community.Staking &amp; Liquid Staking are two ways to earn passive income with your BNB holdings. What are the differences?<ul><li>Staking BNB</li></ul>Staking is an attractive opportunity for BNB holders to earn passive income from their cryptocurrency. By staking BNB, users take part in the process of selecting BNB Chain validators and receive rewards. Validators can either delegate BNB to themselves through self-delegation or receive delegations from other BNB holders. The main downside to staking is the temporary lock-up of funds, as they must be kept for the duration of the staking period and are not immediately accessible to their owners.<ul><li>Liquid Staked BNB</li></ul>Liquid staking offers a solution as it allows users to receive yield-generating liquid tokens while still staking. Instead of having the staked assets locked up and unavailable for other use, they are “liquid” and can be used for other purposes within the blockchain ecosystem.BNB Chain has introduced “Liquid Staking” by integrating with three well-known Web3 protocols: Stader, pStake and Ankr. This feature allows users to receive new tokens of equivalent value while still retaining ownership of the original BNB tokens that have been locked for staking purposes. These new tokens can be traded or redeemed for the original assets and also generate yield through DeFi, offering a more flexible and capital-efficient staking solution that ultimately provides more passive income for BNB holders.<h3 id="strong-maximizing-returns-boosted-bnb-liquidity-pools-on-magpie-strong">Maximizing Returns: Boosted BNB Liquidity Pools on Magpie</h3>Magpie offers <a href="https://www.magpiexyz.io/stake" rel="noopener noreferrer nofollow">high-yield pools</a> for BNB and Liquid Staked BNB holders to maximize their returns. By taking advantage of the benefits of holding veWOM, Magpie is able to distribute substantial WOM rewards to its liquidity providers, enabling them to efficiently stake their tokens. BNB holders can deposit their assets on Magpie’s boosted BNB pool to earn enhanced passive income without any waiting period to unstake. Additionally, liquid staked BNB holders from Stader, pStake, and Ankr can deposit their tokens on the platform to increase their rewards while earning passive income from their original staked BNB.<ul><li>Stader: BNBx</li></ul><img src="https://miro.medium.com/v2/resize:fit:1400/0*rtZ98kQ6gLOxKnAZ">On the BNBx pools, users can provide liquidity for BNBx &amp; BNB. BNBx is a liquid token that represents your share of the total BNB pool deposited with Stader. As soon as you deposit BNB on the Stader smart contract, you receive newly minted BNBx, based on the exchange rate at the time of staking. As the BNB rewards get added the value of BNBx increases.<ul><li>pStake: stkBNB</li></ul><img src="https://miro.medium.com/v2/resize:fit:1400/0*NGNmN-ePcaNFUVMd">On the stkBNB pools, users can provide liquidity for stkBNB &amp; BNB. pSTAKE issues liquid staked stkBNB against user’s BNB deposits based on an exchange-rate, inspired by the Compound’s cToken model. When users deposit their BNB on pStake they receive stkBNB in their wallet.<h3 id="boosted-benefits-on-magpie">Boosted benefits on Magpie</h3>By leveraging the benefits of Wombat’s veTokenomic design, BNB and Liquid staked BNB holders can maximize their income as Wombat liquidity providers through Magpie. By amassing more than 28% of the overall veWOM on Wombat Exchange, Magpie has obtained governance privileges as well as higher WOM emissions from Wombat for its depositors. This system provides an opportunity for users to increase their APR% on Magpie without requiring them to personally lock any WOM.<img src="https://miro.medium.com/v2/resize:fit:1400/0*af61m9JAVsRJ-VPV">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>

Passive Income for BNB Holders: How to Maximize Returns

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Magpie XYZ

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