Magpie

Magpie is a BNB Chain native yield boosting platform that offers boosted, sustainable passive income for liquidity providers and maximized voting power on Wombat ExchangThe success of Magpie’s ecosystem is not solely dependent on a few individuals, but rather, the community as a whole. It is crucial for all members of the community to actively contribute to the growth and sustainability of the platform. This can be achieved through various actions such as participating in discussions, providing feedback, and simply utilizing the platform. It is important to recognize that every contribution, no matter how small, can have a significant impact on the future of Magpie.As Magpie continues to experience growth and success, the community is taking steps to ensure its long-term sustainability. In this new phase of development, users who actively contribute to the platform will earn higher MGP rewards, particularly mWOM converters and vlMGP lockers, which are essential to the Magpie’s functionality.By incentivizing Magpie’s core users, we are encouraging the continued success, viability, and health of the platform moving forward.Rewarding WOM ConvertersWOM is the governance token for Wombat Exchange. It can be locked on Wombat as veWOM to gain voting power and increased yields as a liquidity provider. However, simply locking WOM does not provide any rewards. Magpie offers an alternative for WOM holders to earn boosted passive income by converting their tokens into mWOM. When users convert their WOM into mWOM on Magpie, the protocol automatically locks all the converted WOM as veWOM on Wombat Exchange.By locking all the converted WOM as veWOM on Wombat Exchange, Magpie can participate in the governance, control voting power and earn boosted yields as liquidity provider on Wombat. Magpie then shares these benefits with MGP token holders and depositors on the platform. Magpie is an attractive option for WOM holders looking to earn passive income with their tokens given the fact that it provides an easy and convenient way to earn boosted rewards.WOM converters play a crucial role in the Magpie ecosystem. By getting WOM conversions, Magpie is able to acquire and distribute voting power among vlMGP token holders, which is why converting WOM is so important. In recognition of their contributions, WOM converters are rewarded with higher MGP token rewards when they stake their mWOM tokens on Magpie. Overall, the use of WOM converters is essential for Magpie to achieve its goals and provide maximum value to its users. WOM converters also earn revenue share from Magpie, paid as WOM, BUSD, HAY, ANKR, SD.The Value of MGPThe MGP token is a crucial element of the Magpie ecosystem, with a total supply of 1 billion tokens. As the native token of Magpie, MGP grants holders the privilege of participating in governance decisions and the potential to earn passive income on the platform. The MGP token plays a vital role in the success and sustainability of Magpie, just as converting WOM does. Magpie’s governance power on Wombat, which has been obtained by WOM conversions, is controlled by MGP holders. Users have the chance to lock MGP as Vote-Locked MGP to access these benefits. By locking MGP, users receive vlMGP and can exercise their voting power on Wombat’s governance in a cost-effective manner, this means that users can control more voting power on Wombat through MGP than through veWOM, with the same investment amount. vlMGP holders can also engage in the governance of Magpie, to contribute to the direction of the platform and potentially earn passive income from various sources such as bribes, revenue share and high APR % on MGP rewards. This mechanism allows users to multitask and achieve multiple goals through the use of the MGP token.mWOM &amp; vlMGPIn conclusion, mWOM converters and vlMGP lockers play a crucial role in the functionality of Magpie. mWOM converters provide governance power and increased rewards for depositors on Magpie while vlMGP lockers have the right to control the governance power acquired through WOM conversions and influence in the development of the protocol moving forward. Together, these components ensure that Magpie can offer increased benefits and performs optimally, making them essential supporters and therefore are rewarded by their commitment.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>

Building a Sustainable Ecosystem

Magpie XYZ

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