What is Magpie?
Magpie XYZ is a multi-chain decentralized finance (DeFi) platform that focuses on providing yield and veTokenomics boosting services. The platform optimizes yield for governance token holders and liquidity providers by pooling their assets to acquire governance tokens, converting them into veTokens, and subsequently boosting yields for liquidity providers. This approach also includes sharing a portion of the protocol revenues derived from these activities.
Magpie supports veTOKEN-based protocols, encouraging the long-term development of various DeFi projects through its SubDAO Model. This model generates real yield rewards for each SubDAO and the overarching Mega DAO. Additionally, Magpie offers liquid restaking services, enhancing the sustainability of different networks in the cryptocurrency landscape by maximizing passive income and participation within DeFi.
Magpie integrates with various protocols to enhance user participation and optimize DeFi opportunities. Collaborations include projects like Pendle Finance to offer boosted yield and bribe rewards, as well as other initiatives across the DeFi landscape.