Magpie MGP Price 0.17381106

BNB Chain has built a platform called Magpie XYZ to boost yields for governance token holders. There is a veTokenomics is a tokenomics model in which users must lock the governance token to veToken for a fixed period of time to increase their voting power and claims on a protocol's governance token emissions. The protocol can control the governance token inflation and distribute more governance token to long-term holders. There is a Many risk-averse liquidity providers can't participate because of the requirement to buy and lock governance token. veToken holders can earn limited passive income. Voters need to buy governance token in order to get voting rights. There is a Magpie XYZ has a solution that helps the veTokenomics protocols. The platform incentivizes governance token holders to pool their assets together so that the platform can acquire governance token, convert into veTokens, boost yield for liquidity providers, and in return share part of protocol revenues boosted profits back to governance token holders. There is a Risk-averse providers can get boosted yield without holding veToken if they have a diverse user base. veToken holders can share part of Magpie XYZ's revenue. Magpie XYZ provides a cost-effective way to acquire voting rights on veTokenomics protocols by using sufficient veToken balance. There is a Magpie XYZ began with the integration with Wombat Exchange.