Magpie MGP Live Price Today

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,

Magpie is ranked #915 by market capitalization. Currently the MGP market cap exceeds 9,3K+ Ethereum. By market capitalization it is ranked #915. Daily trade volume is 93.701 ETH.

The Magpie price today in ETH is 0.00002461. Through the Magpie price history, the price ranges from 0.00005426 ETH (all time high) to 0.00000424 ETH (all time low). Magpie price last 24 hours fluctuated from 0.00002763 ETH (24h high) to 0.0000245 ETH (24h low).

Check the Magpie value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB

Homepage: https://www.magpiexyz.io/

Block explorers: https://bscscan.com/token/0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa https://arbiscan.io/token/0xa61f74247455a40b01b0559ff6274441fafa22a3 https://binplorer.com/address/0xd06716e1ff2e492cc5034c2e81805562dd3b45fa

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