Magpie
MGP Rank #2831Price chart
What is Magpie?
Overview
Magpie addresses limitations in veTokenomics models, which require users to lock governance tokens for extended periods to gain voting power and yield access. The platform enables risk-averse liquidity providers to participate in yield farming without direct token locking, while reducing voting costs for participants. It initially integrated with Wombat Exchange and has expanded to other veTokenomics protocols. The platform is used by liquidity providers seeking boosted returns and governance token holders wanting passive income.
How it works
Magpie operates on BNB Chain and Arbitrum. The protocol aggregates governance tokens and liquidity provider assets, converts tokens into veTokens, and uses accumulated voting power to boost yields for liquidity providers. A portion of revenues generated from these boosted positions is distributed back to governance token holders as passive income.
Token and supply
MGP is the platform's governance and incentive token. Maximum supply is fixed at 1 billion tokens, with total supply also at 1 billion tokens. The token is used for governance and to align incentives between liquidity providers and token holders participating in the platform.
Where to trade MGP
Exchanges that list this asset
Live spot quotes from connected exchanges
MGP funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.