Magpie MGP

Magpie is a multi-chain platform that provides yield-boosting services and veTokenomics. It incentivizes liquidity providers and governance token holders to pool their assets together. By acquiring governance tokens and converting them into veTokens, Magpie boosts yield for liquidity providers and shares part of the protocol revenues with governance token holders. It has been incubated by Wombat Exchange and supports the development of WOM, Wombat Exchange's governance token, by locking WOM tokens as veWOM. Magpie will be launching on Arbitrum, a high-throughput and low gas fee network, on April 7th.

Magpie XYZ stands out from other cryptocurrencies and platforms due to its focus on yield-boosting services and veTokenomics. The platform encourages governance token holders and liquidity providers to pool their assets together. By acquiring governance tokens and converting them into veTokens, Magpie boosts the yield for liquidity providers. In addition, the platform shares a portion of the protocol revenues derived from the boosted profits of liquidity providers back to governance token holders. This unique approach incentivizes participation and maximizes governance power on protocols that implement veTokenomics. Magpie's collaboration with Wombat Exchange, a hyper-efficient stableswap backed by Binance Labs, further enhances its offering by supporting the development of veWOM tokens, which provide increased yields and governance power on the platform.