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What is Magpie (MGP)?

Magpie XYZ, operating on BNB Chain and Arbitrum, enhances returns for liquidity providers and governance token holders in veTokenomics protocols. It offers several benefits: attracting a wider user base by allowing risk-averse LPs to earn boosted yields without holding veTokens, increasing revenue for veToken holders through revenue sharing, and lowering the voting threshold by providing a cost-effective way to gain voting rights through its accumulated veToken balance. Initially integrated with Wombat Exchange, Magpie XYZ plans to extend to platforms like PancakeSwap. Users can convert WOM to mWOM, which Magpie XYZ then locks in Wombat Exchange to maximize veWOM and gain yield boost power.

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