Skip to content
mgp Magpie #
0.01 USD -3.68% 0.00
DAY RANGE
0.01 0.01
Circulating supply 0
Total supply 1B
Uphold Logotype

Looking to buy mgp? Finbold recommends
Uphold – 100% reserved

mgp Price

Current Price 0.01 USD
Price Change 24H 0.00 USD
Price Change 24H -3.68%
Price Change 7D 41.09%
Price Change 14D 53.68%
Price Change 30D 22.11%
Price Change 60D -43.30%
Price Change 1Y 0.00%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 0.04 USD
ATH Change -66.67%
ATH Date 2022, Nov 05

mgp Markets

PancakeSwap (v2)
0XD06716E1FF2E492CC5034C2E81805562DD3B45FA/BUSD
Last price: 0.01 USD
Last price: 0.01 BUSD
Spread: 0.60%
24H Volume:
71.3K USD
Bilaxy
MGP/BUSD
Last price: 0.01 USD
Last price: 0.01 BUSD
Spread: 1.01%
24H Volume:
17.2K USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Magpie

Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols.

veTokenomics, introduced by Curve, is a tokenomics model in which users must lock the governance token to veToken (vote-escrowed token) for a fixed period of time to increase their voting power and claims on a protocol's governance token emissions. This helps the protocol to control the governance token inflation and distribute more governance tokens to long-term holders. However, veTokenomics still have room for improvement and many veTokenomics protocols face the following issues:

- Limited user base - The requirement to buy & lock governance tokens prevents many risk-averse liquidity providers to participate.

- Limited income for veToken holders - veToken holders can earn zero or limited passive income.

- Expensive voting power - Voters must buy and lock governance tokens in order to gain voting rights.

Magpie XYZ offers a solution that helps the veTokenomics protocols to solve the above issues. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert into veTokens, boost yield for liquidity providers, and in return share part of protocol revenues derived from liquidity providers’ boosted profits back to governance token holders. Magpie XYZ helps veTokenomics protocols to:

- Get a diverse user base - Risk-averse liquidity providers can get boosted yield without the need of holding veToken.

- Increase income for veToken holders - veToken holders can share part of Magpie XYZ’s revenue.

- Lower the voting bar - Magpie XYZ provides a cost-effective way to acquire voting rights on veTokenomics protocols by leveraging sufficient veToken balance Magpie XYZ accumulated.

Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap. In the long term,

AD