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Magpie XYZ is a platform on BNB Chain that boosts yields for liquidity providers and governance token holders of veTokenomics protocols. veTokenomics, introduced by Curve, is a tokenomics model where users lock the governance token to veToken for a fixed period to increase voting power and claims on a protocol's governance token emissions. However, veTokenomics protocols face issues such as limited user base, limited income for veToken holders, and expensive voting power. Magpie XYZ offers a solution by incentivizing governance token holders and liquidity providers to pool assets, acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and share protocol revenues with governance token holders. Magpie XYZ helps veTokenomics protocols get a diverse user base, increase income for veToken holders, and lower the voting bar. The platform integrates with Wombat Exchange and plans to expand to more veTokenomics protocols in the long term.
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