Magpie Price (MGP)

Unlisted

What is Magpie about?

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

What makes Magpie unique?

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.

What's the history of Magpie?

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

What can Magpie be used for?

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.

What is the current price of Magpie?

Magpie (MGP) is trading at £0.0084597919497028245000, reflecting a price movement of -0.87% over the last 24 hours. This live data aggregates pricing from global exchanges to give traders an accurate market valuation at any moment.

What role does Magpie play in its ecosystem?

As a core asset within the -- network and a part of the BNB Chain Ecosystem,Arbitrum Ecosystem,Binance Alpha Spotlight sector, MGP often powers essential functions such as payments, staking, governance voting, and liquidity incentives. Its design can influence how applications or smart contracts operate across its ecosystem.

How actively is MGP being traded today?

Over the last 24 hours, MGP recorded £-- in trading volume. High volume typically signals strong investor interest, healthier liquidity, and better execution for both small and large traders.

What is the circulating supply of Magpie?

There are 567972917.8919094 tokens in circulation today, which determines the amount accessible for trading. Circulating supply helps investors estimate scarcity, inflation dynamics, and potential long-term token distribution.

What is the market cap and rank of MGP?

Magpie currently holds market rank #1863 with a market capitalization of £4798906.76876092860000, placing it among recognized assets within its sector and helping investors measure its relative scale.

How has Magpie performed in the last 24 hours?

Its price has shown a price movement of -0.87% over the last 24 hours. Short-term movement can be influenced by trading sentiment, liquidity shifts, or developments related to the -- network.

How does Magpie compare to similar assets in the same category?

Within the BNB Chain Ecosystem,Arbitrum Ecosystem,Binance Alpha Spotlight segment, MGP demonstrates competitive activity supported by strong trading levels, high liquidity, and its ongoing use cases within its ecosystem.