Magpie

Hello to all the lovely Magpies around the world and thank you for your great support over time. The clock is ticking and we continue to build non-stop! Just a few weeks ago Magpie was barely hatching and today we have the support of so many of you. We have ventured through BNBChain and have met many lovely fellows, cheers to you! We have seen how the ecosystem continues to innovate and we are humbled by the chance to contribute to its development. It’s been fun but without ever losing the focus that is to BUILD with SAFETY as a priority!Today we present to you our new best and dearest friend &#64;WombatExchange! We are very excited to announce this partnership and to work alongside Wombat moving forward. Our goal is to support each other in the long term by offering cost-efficient voting power and long-term sustainable boosted yields for our users.Wombat is a scalable, low slippage and single-sided staking V2 stableswap. The protocol allows users to swap stablecoins at hyper-efficient exchange rates with minimal slippage. Wombat also offers investors to earn sustainable and optimal yields on their assets via single-staking pools.<img src="https://miro.medium.com/max/1400/0*uF7R6YQYYHXLWC3y" />What makes Wombat special?There are four major benefits that Wombat brings:<ul><li>Scalable Equilibrium: Innovate coverage-ratio-based stable swap mechanism to remove scalability barriers, which allows the possibility of achieving 100% capital utilization with no impermanent loss.</li><li>Slippage minimization: Wombat adopts the asset to liability model, slippage is negated until higher transaction amounts and reduced when it occurs.</li><li>User-Friendly UI/UX: Simple and accessible interface with pure single token pool design.</li><li>Foundation for DeFi to build upon: A pure single token pool design enables single-token LP tokens, ideal for borrowing and lending protocols and trading platforms to build on top of.</li></ul>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>

Magpie XYZ × Wombat Exchange Partnership announcement

Magpie XYZ

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