Magpie MGP Price 0.01496475

Magpie XYZ is a platform built by BNB Chain to increase yields for governance token holders. Users must lock the governance token to veToken for a fixed period of time to increase their voting power and claims on a protocol's governance token emissions. The governance token inflation can be controlled by the protocol. The requirement to buy and lock governance token makes many risk-averse providers unable to participate. Voters need to buy governance token in order to vote. There is a solution for the veTokenomics protocols. The platform incentivizes governance token holders to pool their assets together so that the platform can acquire governance token, convert into veTokens, boost yield for liquidity providers, and in return share part of protocol revenues boosted profits back to governance token holders. Risk-averse providers can get boosted yield without holding veToken if they have a diverse user base. A cost-effective way to acquire voting rights on veTokenomics protocols is provided by Magpie XYZ.