About Magpie
Magpie XYZ is a platform built on BNB Chain to boost yields for liquidity providers and governance token holders of veTokenomics protocols. veTokenomics, introduced by Curve, is a tokenomics model in which users must lock the governance token to veToken (vote-escrowed token) for a fixed period of time to increase their voting power and claims on a protocol's governance token emissions. This helps the protocol to control the governance token inflation and distribute more governance tokens to long-term holders. However, veTokenomics still have room for improvement and many veTokenomics protocols face the following issues: - Limited user base - The requirement to buy & lock governance tokens prevents many risk-averse liquidity providers to participate. - Limited income for veToken holders - veToken holders can earn zero or limited passive income. - Expensive voting power - Voters must buy and lock governance tokens in order to gain voting rights. Magpie XYZ offers a solution that helps the veTokenomics protocols to solve the above issues. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert into veTokens, boost yield for liquidity providers, and in return share part of protocol revenues derived from liquidity providers’ boosted profits back to governance token holders. Magpie XYZ helps veTokenomics protocols to: - Get a diverse user base - Risk-averse liquidity providers can get boosted yield without the need of holding veToken. - Increase income for veToken holders - veToken holders can share part of Magpie XYZ’s revenue. - Lower the voting bar - Magpie XYZ provides a cost-effective way to acquire voting rights on veTokenomics protocols by leveraging sufficient veToken balance Magpie XYZ accumulated. Magpie XYZ starts from the integration with Wombat Exchange, and will expand to more veTokenomics protocols like PancakeSwap. In the long term,
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Trading Insights
Searched
2
Market Stats
Market Cap
$23.17M
-1.03%
FDV
$50.42M
Circ. Supply
460M MGP
Max Supply
1B MGP
Total Supply
1B MGP
Diluted Valuation
$50.62M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$24.31K
-67.74%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.21
Price Change (1Y)
-47.49%
Additional info about Magpie
Recent trends
The latest MGP price is $0.0505. Compared to Magpie's value of $0.05 from 24 hours ago, there's been a -1% decrease, while the current price is -6% down from $0.05 which was recorded one week ago. Magpie's all time high is $0.21, which was reached on December 18, 2024. This is a -76% change from its price today.
The current circulating supply of Magpie is 459,611,024. This is 46% of its max supply of 1,000,000,000 MGP and 46% of its total supply of 1,000,000,000. The market cap is currently $23.17M, which is a result of multiplying the current price of Magpie($0.05) by the total supply(1,000,000,000 MGP). The fully diluted valuation of Magpie is $50.42M. The diluted valuation of Magpie is $50.42M.
Market details
MGP vs markets
↘ 60.37%
MGP vs BTC
↘ 66.09%
MGP vs ETH
↘ 21.23%
Tags
binance-alpha
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa | |
Arbitrum | 0xa61F74247455A40b01b0559ff6274441FAfa22A3 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0505 | ↘ 1.42% |
1 Day | $0.0510 | ↘ 1.42% |
1 Week | $0.0537 | ↘ 5.79% |
1 Month | $0.0279 | ↗ 81.19% |
1 Year | $0.0962 | ↘ 47.49% |
FAQ
We update our Magpie to USD currency in real-time. Get the live price of Magpie on Coinbase.
The current market cap of Magpie is $23.17M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Magpie is $0.21. This all-time high is highest price paid for Magpie since it was launched.
Over the last 24 hours, the trading volume of Magpie is $24.31K.
Assets that have a similar market cap to Magpie include Viction, Alpha Finance Lab, Ultra, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Magpie is 460 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.