Magpie XYZ is a multi-chain DeFi platform built to boost yields for liquidity providers and governance token holders of veTokenomics protocols. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.
The platform offers users the opportunity to deposit their Stablecoins, BNB, Liquid BNB, frxETH, ETH, WOM, mWOM tokens in single-sided boosted pools to earn high APR % while it allows Wombat Exchange voters to cost-effectively acquire voting power and earn passive income at the same time through the MGP token.
Magpie offers WOM holders the chance to earn high APR by converting their tokens into mWOM. mWOM refers to "Magpie WOM". mWOM can be staked on Magpie to earn boosted passive income.
