Magpie

Time flies when you do what you love, they say…Magpie is officially celebrating <a href="https://blog.magpiexyz.io/magpie-xyz-mainnet-launch-and-airdrop-details-8093161a0751" rel="noopener noreferrer nofollow">1 year of being launched</a> on BNB Chain’s Mainnet. It feels like just yesterday when we announced our deployment, and now here we are, completing our first 12 months of offering yield and vetokenomics-boosting services. One year ago, Magpie was created with the aim of supporting other projects within the DeFi landscape. Upon noticing the sustainability and advantages of veTokenomics, we decided to construct a layer focused on aligning with specific functionalities of different protocols, with the aim of gaining access to various benefits within many platforms while contributing to their long-term development. We trust that this approach will create a more efficient and reliable ecosystem moving forward. We have started offering our services across four different networks while supporting a variety of platforms, each with their unique structure.<h2 id="header-0">1st Year Celebration Campaign</h2><img src="https://miro.medium.com/v2/resize:fit:875/0*kArs4gUQgPPjmKeJ" /><a href="https://galxe.com/magpiexyz/campaign/GC8aUUnVcX" rel="noopener noreferrer nofollow">Join the celebration</a>We are excited to celebrate our One-Year Anniversary with a special campaign! To participate, users need to <a href="https://galxe.com/magpiexyz/campaign/GC8aUUnVcX" rel="noopener noreferrer nofollow">complete both parts of the campaign</a>, which will enable them to mint the Magpie Anniversary OAT.After minting the OAT, participants can then compete for a chance to win a portion of a $5,000 prize pool. This campaign not only marks our one-year milestone, but also offers a rewarding experience for our supportive community. Everyone who mints the OAT will get a special Discord role.<h3 id="strong-complete-tasks-strong">Complete Tasks:</h3><a href="https://galxe.com/magpiexyz/campaign/GC2ZkUn5ya" rel="noopener noreferrer nofollow">https://galxe.com/magpiexyz/campaign/GC2ZkUn5ya</a><img src="https://miro.medium.com/v2/resize:fit:875/1*8qXNxewvPF-LikPLiPsU0w.png" />Additionally, by commenting on our anniversary tweet, you have a chance to win one of 50 Magpie Kits. Don’t miss out; embrace this special occasion and seize the opportunity!<h3 id="strong-magpie-kit-includes-strong">Magpie Kit includes:</h3>Umbrella x 1, Thermos x 1, Notebook x 1, Pen x 1, Canvas Bag x 1<h2 id="header-1">1st Year Ecosystem Development</h2><h3 id="strong-magpie-strong">Magpie</h3><img src="https://miro.medium.com/v2/resize:fit:875/0*VCrV5QSlELJvL2gm" />Since its deployment last year, Magpie has been integrated with Wombat Exchange. The focus of Magpie’s collaboration with Wombat is clear: to accumulate WOM tokens and lock them as veWOM, thereby gaining governance rights and enhanced yield benefits within the platform. Through the accumulation of veWOM, Magpie can provide efficient governance power and optimized passive income for Wombat users while decreasing the circulating supply of the WOM token.MGP — MGP is the governance token of Magpie. Users can lock MGP as vlMGP to earn a revenue share in WOM from Magpie, vote in the Magpie bribery market to earn incentives, participate in the Magpie’s governance, and receive a share of the vlMGP Monthly Rewards. The MGP token enables participation in the governance of any SubDAOs deployed within Magpie, as well as in the governance of protocols that have been integrated with our SubDAOs. MGP can be acquired via PancakeSwap on <a href="https://pancakeswap.finance/swap?inputCurrency&#61;BNB&amp;outputCurrency&#61;0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa" rel="noopener noreferrer nofollow">BNB Chain</a> and <a href="https://pancakeswap.finance/swap?chain&#61;arb&amp;inputCurrency&#61;ETH&amp;outputCurrency&#61;0xa61F74247455A40b01b0559ff6274441FAfa22A3" rel="noopener noreferrer nofollow">Arbitrum</a>. Arbitrum users can also acquire MGP on <a href="https://traderjoexyz.com/arbitrum/trade" rel="noopener noreferrer nofollow">Trader Joe</a>.The SubDAO ModelIn our quest and commitment to fostering a sustainable DeFi ecosystem, we introduced our <a href="https://blog.magpiexyz.io/magpie-the-subdao-model-d9ead54a2147" rel="noopener noreferrer nofollow">SubDAO Model</a>. This program allows Magpie to integrate with different platforms that meet certain characteristics in their protocol’s design and functionality. By deploying specific “SubDAOs” for each integration, Magpie can provide its yield and vetokenomics boosting services for a wide range of projects.<h3 id="strong-1-penpie-strong">1. Penpie</h3><img src="https://miro.medium.com/v2/resize:fit:875/0*NyTv26sKvbzbYw_S" />As the first protocol launched under Magpie’s SubDAO Model, <a href="https://www.pendle.magpiexyz.io/stake" rel="noopener noreferrer nofollow">Penpie</a> has been uniquely created to support the long-term development of Pendle Finance. Penpie focuses on accumulating PENDLE tokens from Pendle Finance and locking them as vePENDLE within the platform. This allows Penpie to access the benefits of vePENDLE, which provide voting power and boosted yield capabilities. Penpie is the top vePENDLE holder across DeFi, currently controlling over 30% of the total vePENDLE within <a href="https://www.pendle.finance/" rel="noopener noreferrer nofollow">Pendle Finance</a>. Also, the platform has accumulated more than 60 Million in TVL in less than five months since its launch.<ul><li>PNP — PNP is the governance token of Penpie. PNP can be locked as vlPNP on Penpie to access governance rights and revenue-sharing capabilities. vlPNP holders also have the opportunity to vote through the Penpie bribery market to earn rewards for their participation. vlPNP can control the governance power that Penpie has accumulated through vePENDLE. PNP can be acquired on <a href="https://app.camelot.exchange/" rel="noopener noreferrer nofollow">Camelot</a> via Arbitrum.</li></ul><h3 id="strong-2-radpie-strong">2. Radpie</h3><img src="https://miro.medium.com/v2/resize:fit:875/0*3OmsyC0R0oHQrokF" /><a href="https://www.radiant.magpiexyz.io/stake" rel="noopener noreferrer nofollow">Radpie</a> is the second platform developed under the Magpie SubDAO Model. Radpie is a source of innovation that adheres to the core functionalities of Radiant Capital, supporting its long-term development and sustainability. The main goal of Radpie is to accumulate dLP from Radiant and lock it within the protocol. The locked dLP provides Radpie with the opportunity to access governance power on <a href="https://radiant.capital/" rel="noopener noreferrer nofollow">Radiant Capital</a> and activate RDNT emissions. In just one month, Radpie’s TVL surpassed $8 Million and overt 400,000 RDNT tokens have been distributed by the platform through Arbitrum and BNB Cain.<ul><li>RDP — RDP is the governance token of Radpie. RDP can be locked within Radpie as vlRDP to access governance power and revenue share from the platform. Moving forward vlRDP holders will be able to allocate TVL quota for different pools within Radpie and earn incentives through the Radpie bribery market. vlRDP can control the governance power that Radpie has accumulated through dLP.</li></ul><h3 id="strong-3-campie-strong">3. Campie</h3><img src="https://miro.medium.com/v2/resize:fit:875/0*_-gfdeI7pIPngmy0" />Campie is the third SubDAO within the Magpie Ecosystem. <a href="https://twitter.com/Campiexyz_io" rel="noopener noreferrer nofollow">Campie</a> will be deployed on Arbitrum with the focus of supporting the long-term development of Camelot DEX. Penpie is set to accumulate GRAIL tokens from Camelot and lock them as xGRAIL to acquire governance access and passive income benefits within Camelot. The GRAIL RUSH will be launched soon to incentivize the conversion of GRAIL tokens on Campie.<ul><li>CMP — CMP is the governance token of Campie. Users can lock CMP as vlCMP to participate in the governance of Campie and get revenue share from the platform. vlCMP holders will be able to allocate their voting power through the Campie bribery market to direct emissions into different pools on Camelot and earn incentives.</li></ul>PerformanceOver the course of a year, the Magpie Ecosystem has offered yield and vetokenomics enhancement services, presenting optimized opportunities. We have successfully accumulated over $80 million in TVL across four networks, while sharing more than $2 million in revenue with our users.<h2 id="header-2">Magpie Ecosystem TVL (Magpie, Penpie, Radpie)</h2><img src="https://miro.medium.com/v2/resize:fit:875/0*JrMxAFvtt7bXtsRc" /><a href="https://defillama.com/protocol/magpie-ecosystem" rel="noopener noreferrer nofollow">Source: DefiLlama</a>Revenue Generated<h3 id="strong-1-magpie-strong">1. Magpie</h3>BNB Chain<img src="https://miro.medium.com/v2/resize:fit:875/0*egePZz2Ad22zexQ-" /><a href="https://dune.com/magpieanalytics/magpie-on-bsc" rel="noopener noreferrer nofollow">Source: Dune</a>Arbitrum<img src="https://miro.medium.com/v2/resize:fit:875/0*XhoODUmYfUQizWY2" /><a href="https://dune.com/magpieanalytics/magpie-on-arbitrum" rel="noopener noreferrer nofollow">Source: Dune</a><h3 id="strong-2-penpie-strong">2. Penpie</h3><img src="https://miro.medium.com/v2/resize:fit:875/0*A3KnT21uUHiYB2Vv" /><a href="https://dune.com/magpieanalytics/penpieall" rel="noopener noreferrer nofollow">Source: Dune</a><h3 id="strong-3-radpie-strong">3. Radpie</h3><img src="https://miro.medium.com/v2/resize:fit:875/0*hZ4HD9WSu_DiWIl3" /><a href="https://dune.com/magpieanalytics/radpieall" rel="noopener noreferrer nofollow">Source: Dune</a>Magpie currently controls over 25% of the total veWOM within Wombat Exchange.<img src="https://miro.medium.com/v2/resize:fit:875/0*ePZz9oGK7CBrE-dI" /><a href="https://www.defiwars.xyz/wars/wombat" rel="noopener noreferrer nofollow">Source: Defiwars</a>Penpie controls more than 30% of the total vePENDLE within Pendle Finance and has shared $2.1 Million in revenue with its participants.<img src="https://miro.medium.com/v2/resize:fit:875/1*JVEW9SdEJQP6YGKIyElxqw.png" /><a href="https://www.defiwars.xyz/wars/pendle" rel="noopener noreferrer nofollow">Source: Defiwars</a>In less than one month after being launched on the mainnet, Radpie has surpassed $8 million in TVL across Arbitrum and BNB Chain, while sharing $120,000 in rewards with its users.<img src="https://miro.medium.com/v2/resize:fit:875/1*uqGQV4cuHtnBiu0Lo63uGA.png" /><a href="https://defillama.com/protocol/radpie" rel="noopener noreferrer nofollow">Source: DefiLlama</a>We look forward to deploying Campie and starting to support the sustainability of Camelot.<h2 id="header-3">The Road Ahead</h2>For us, security is the most important aspect as we consider it the foundation for creating a sustainable protocol in the long term. After our first full year of development, we look forward to continuing our mission of supporting the overall DeFi ecosystem. We are committed to providing the most efficient opportunities for everyone, and also to bringing the best out of other top-tier platforms. We are enthusiastic about leveraging our SubDAO Model to deliver enhanced opportunities to various communities in the forthcoming period. Our dedication remains firm in progressing the development of Magpie, Penpie, Radpie, Campie, and all future SubDAOs.Thank you to our community, partners, and supporters for being with us through this transformative journey. The progress achieved in Magpie’s first year is a testament to the collective effort and belief in our vision. As we move forward, we remain deeply grateful and committed to delivering excellence, driven by our community’s aspirations and our quest for sustainable growth.About Magpie XYZ: Magpie XYZ is a multi-chain platform built 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>

Magpie’s 1st Year Celebration

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Magpie XYZ

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