Magpie
DeFi
Yield Farming
MGP$0.03714+23.07% ↑
Platform to boost yield
- 268 Followers268 Followers
- 146 Likes146 Likes
About Magpie
Magpie is a platform to boost yields for liquidity providers and governance token holders of veTokenomics protocols.
Magpie is a cutting-edge DeFi platform focused on maximizing the efficiency and returns of users' digital assets. It offers a streamlined approach to yield farming, staking, and governance, aiming to simplify the complexities often associated with decentralized finance. By integrating multiple DeFi protocols, Magpie provides a comprehensive suite of financial services designed to enhance user experience and returns.
Magpie's mission is to democratize access to DeFi opportunities, enabling users of all experience levels to participate in and benefit from the decentralized financial ecosystem. The platform’s user-friendly interface, combined with robust security measures and a strong focus on community governance, positions Magpie as a significant player in the DeFi space.
Magpie Magic Store Validation Score
See Results ››Validation Score
4.6yes91%
no9%
Validation Date: -
AndriiSYes
BiruangYes
ZatvorshikYes
sdbabaYes
surmagicYes
Freaky botYes
TahirYes
1SeR1Yes
ahsanYes
dj0192Yes
Brkm13Yes
MarushiYes
Raihan kabirYes
Mahmoud sallamYes
Pasha1Yes
Pavlo007Yes
ArifYes
edonlyhitsNo
thor77Yes
PhamNghiepYes
Magpie Review Score by Real Users
- 6
- 7
- 0
- 0
- 0
MGP Token Price Chart (Real Time)
Token Statistics
- Market Cap$17,056,035.00
- Volume$272,260.00
- Circulating Supply457,132,056.31
- Max Supply1,000,000,000
- FDMC$37,310,958
About Magpie Token
The MGP token serves as the cornerstone of the Magpie ecosystem, designed to drive governance, incentivize staking, and reward active participation within the platform. MGP can be earned through various activities such as staking, yield farming, and providing liquidity. The vlMGP token is a vote-locked variant that amplifies voting power and offers enhanced staking rewards, promoting long-term engagement.
Governance: MGP tokens empower holders to influence the platform’s future by voting on proposals and decisions, ensuring that the community has a voice in the project's development.
Staking and Rewards: Users can stake MGP tokens to earn rewards, which are distributed based on the amount and duration of the staking period. Vote-locked MGP (vlMGP) tokens offer additional benefits, including higher rewards and greater voting power, encouraging users to commit their tokens for longer periods.
Liquidity Provision: MGP tokens play a crucial role in providing liquidity to various pools within the Magpie ecosystem. Users who supply liquidity are rewarded with a portion of the transaction fees, further incentivizing participation.
Exchanges: MGP tokens are listed on several decentralized exchanges (DEXs), including PancakeSwap and Camelot DEX, providing ample liquidity and ease of access for users.
Overall, the MGP token is integral to Magpie’s goal of creating a decentralized, user-governed DeFi platform that maximizes yield and participation incentives.
Magpie Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 12.02.2024Validation Date
Magpie User Trust Reviews
Magpie FAQ
To start earning with Magpie, create an account, set up a compatible wallet like MetaMask, connect it to the platform, deposit funds, and choose from available yield farming or staking options.
The MGP token is the governance token of the Magpie ecosystem, used for participating in platform governance, staking for rewards, and providing liquidity.
vlMGP tokens are vote-locked versions of the MGP token that provide enhanced voting power and additional staking rewards, incentivizing long-term commitment to the platform.
Yield farming on Magpie involves providing liquidity to various DeFi protocols integrated into the platform. Users earn rewards in the form of MGP tokens and a share of transaction fees.
You can buy MGP tokens on several decentralized exchanges, including PancakeSwap and Camelot DEX.