Magpie. Price of cryptocurrency: $ 0.05195756

A platform built on BNB Chain is called Magpie XYZ. There are people in this picture veTokenomics is a tokenomics model in which users must lock the governance token to veToken for a fixed period of time to increase their voting power and claim on a protocol's governance token emissions. This helps the protocol to distribute more governance token to long-term holders. There are people in this picture Many risk-averse liquidity providers are prevented from participating because of the requirement to buy and lock governance token. veToken holders can only earn limited passive income. Voters need to buy governance token in order to gain voting rights. There are people in this picture Magpie XYZ has a solution that can help the veTokenomics protocols. The platform incentivizes governance token holders to pool their assets together so that the platform can acquire governance token, 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. There are people in this picture Risk-averse providers can get boosted yield without holding veToken if they get a diverse user base. Income can be increased for veToken holders. Magpie XYZ provides a cost-effective way to acquire voting rights by using sufficient veToken balance. There are people in this picture Magpie XYZ started from the integration with Wombat Exchange.