Magpie

MGP Price

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.

Where can you buy Magpie?

MGP tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Magpie is PancakeSwap V3 (BSC), where the most active trading pair MGP/WBNB has a trading volume of $3,995.88 in the last 24 hours. Other popular options include PancakeSwap V3 (Arbitrum) and PancakeSwap (v2).

What is the daily trading volume of Magpie (MGP)?

The trading volume of Magpie (MGP) is $11,896.67 in the last 24 hours, representing a 1,143.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Magpie (MGP)?

Magpie (MGP) reached an all-time high of $0.2107 and an all-time low of $0.001302. It’s now trading -99.20% below that peak and 34.70% above its lowest price.

What is the market cap of Magpie (MGP)?

Market capitalization of Magpie (MGP) is $1,009,875 and is ranked #2998 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MGP tokens (580 Million tokens are tradable on the market today).

What is the fully diluted valuation of Magpie (MGP)?

The fully diluted valuation (FDV) of Magpie (MGP) is $1,755,526. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion MGP tokens are in circulation today. Depending on how the emission schedule of MGP tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Magpie compare against its peers?

With a price decline of -13.80% in the last 7 days, Magpie (MGP) is underperforming the global cryptocurrency market which is down -1.90%, while underperforming when compared to similar Binance Alpha Spotlight cryptocurrencies which are down -3.60%.

How to add Magpie (MGP) to MetaMask?

Adding Magpie (MGP) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MGP as a token. You can copy MGP’s contract address (0xd06716e1ff2e492cc5034c2e81805562dd3b45fa) and import it manually, or if you've installed MetaMask's chrome extension, add MGP to MetaMask with one click on CoinGecko.

Add MGP to MetaMask.