Magpie

Our first Arbitrum WOMboarding event was a resounding success, thanks to everyone who participated we appreciate your support. All 20,000 USDT rewards were claimed by WOM converters in just 3 hours, resulting in an accumulation of &#43;550,000 WOM tokens converted. These WOM will be locked as veWOM by Magpie on Wombat Exchange through the Arbitrum network. WOMboarding participants will also receive their corresponding mWOM tokens on Arbitrum.Today we announce the 2nd Round of the Arbitrum WOMboarding event, as we remain committed to expanding and maximizing our presence on Arbitrum. If you were unable to participate in the first event, this is your opportunity to be rewarded for each of your WOM conversions.What is the WOMboarding event?The Arbitrum WOMboarding event incentivizes users of BNB Chain to convert their WOM tokens into mWOM at a 1:1 ratio on Magpie. For this second round, each converted WOM token earns users 1 mWOM, along with additional rewards in BUSD, and we also have a “Loyalty Bonus”. The event is focused on rewarding Magpie’s core supporters and enabling them to earn passive income through mWOM on the Arbitrum network once Magpie is launched. Furthermore, the accumulation of veWOM through this event brings additional benefits to Arbitrum liquidity providers and Wombat voters that decide to participate on Magpie.Bracket Reward SystemThe greater the number of WOM tokens that users convert via the WOMboarding pool, the more BUSD rewards they will receive. Upon surpassing a bracket, users will obtain a corresponding reward amount in the subsequent bracket based on their converted WOM tokens. Users can increase their WOM conversions through various transactions in order to reach a higher bracket.1. BUSD Rewards per Bracket<img src="https://miro.medium.com/v2/resize:fit:1272/1*6uxkIwwgm85os455Gxvfng.png" />Example:<ul><li>If User A converts 500 WOM, the user will receive 0.0175 BUSD * 500 &#61; 8.75 BUSD as well as the ability to claim 500 mWOM on Arbitrum.</li><li>If User B converts 10,000 WOM, the user will receive 0.0175 BUSD * 1000 &#61; 17.50 BUSD for the first 1,000 WOM tokens converted, and 0.02 BUSD * 4000 &#61; 80 BUSD for additional 4000 WOM token converted in 1,000 ~ 5,000 bracket, and 0.0225 BUSD * 5,000 &#61; 112.50 BUSD for additional 5000 WOM token converted in 5,000 ~ 20,000 bracket (total 17.50 &#43; 80 &#43; 112.50 &#61; 210 BUSD) as well as the ability to claim 10,000 mWOM on Arbitrum.</li><li>Users can accumulate WOM conversions through various transactions to increase their total converted WOM and benefit from higher brackets of rewards.</li><li>The previous round’s bracket status will be maintained during the current event. Therefore, if a user is 3,000 WOM away from reaching bracket 3, and he converts 5,000 WOM in the current round, 3,000 will be counted towards bracket 2 and 2,000 will be counted towards bracket 3.</li></ul>2. BUSD Rewards for convertersAfter users convert their WOM tokens using the WOMboarding Pool, they will receive BUSD as rewards on their BNB Chain wallet without any additional action needed.Loyalty BonusThe Loyalty Bonus allows WOMboarding participants to earn even more rewards. By selecting the Loyalty Bonus option, users will receive an additional 30% reward bonus. If this option is chosen, the BUSD reward will be used to repurchase MGP on the market and lock it. As a result, users who opt for this bonus will receive vlMGP.3. mWOM for convertersOnce the WOMboarding period ends, our team will verify how many WOM tokens each user has converted and distribute the corresponding amount of mWOM tokens to them on Arbitrum, after Magpie is launched. Users will receive 1 mWOM token on Arbitrum for each WOM token that they converted on BNB Chain through the WOMboarding pool.Enter: <a href="https://www.magpiexyz.io/stake" rel="noopener noreferrer nofollow">Magpie’s Arbitrum WOMboarding Round 2</a>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>

The Magpie WOMboarding Round 2 is now live!

Magpie XYZ

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