# Terms and Conditions These Terms and Conditions (these “Terms”) set out the basis on which you may access and use [Magpie](https://www.magpiexyz.io/) (the “Site”). The Site is a website hosted user interface provided by Magpiexyz Ltd., a company incorporated in British Virgin Islands (“Magpie”, “we” or “us”) and the Site enables users to interact with certain smart contracts deployed on the blockchain (the “Protocol”). You must read and understand these Terms in its entirety before accessing and using the Site. Each time you access or use the Site, you indicate your acceptance of these Terms. If you do not accept these Terms, you are not permitted to use the Site and must cease all activity on the Site. THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CERTAIN WAIVERS. YOU SHOULD READ THESE PROVISIONS CAREFULLY AND UNDERSTAND HOW YOUR RIGHTS ARE AFFECTED BEFORE ACCEPTING THESE TERMS. ### 1. Nature of the Site THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CERTAIN WAIVERS. YOU SHOULD READ THESE PROVISIONS CAREFULLY AND UNDERSTAND HOW YOUR RIGHTS ARE AFFECTED BEFORE ACCEPTING THESE TERMS. By using the Site, you understand that you are not transferring crypto assets to us and the assets are deposited directly into underlying third-party protocols. Please note that when using the Protocol, crypto assets that have been "bridged" or "wrapped" to operate on other blockchain networks (including to blockchains compatible with the Ethereum Virtual Machine that are designed to ensure a blockchain can effectively process more transactions or other blockchains that are frequently referred to as "Layer 2" solutions) are distinct from the asset on its native chain. ### 2. Permitted Use of the Site You agree to use the Site only for lawful purposes and in a manner consistent with all applicable laws and regulations and in the manner intended by us. By accessing or using the Site, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you, as well as any tax obligations. You shall not use the Site: * to exploit any vulnerability of the Site, whether or not for financial or other personal gain or otherwise probe, scan, or test the vulnerability of the Site. You must not breach the security or authentication measures implemented on the Site; * to attempt to gain unauthorized access to the Site, its servers, or any other systems or networks connected to the Site. This includes hacking, password "mining", or any other illegitimate mean; * to introduce any malware, harmful material or otherwise unauthorized material to the Site or other users of the Site or use any automated device, program, or process (including but not limited to deep-linking, page-scraping, robots, spiders, or similar methods) to access, copy, monitor, or extract any part of the Site without prior written permission from us; * in connection with any cyber attacks, whether against the Site or any other website; * in a manner which involves market manipulation or financial crime or in a manner which would make the Site an accessory to any market manipulation or financial crime; * to engage in any activity that is, or is intended to be, libelous, defamatory, profane, obscene, indecent, hateful, abusive, fraudulent or deceptive; * to engage in any activity that seeks to reveal or obtain personal identification or information about other users or visitors to the Site, or any other customers of ours. This includes reverse look-up, tracing, or any other means to uncover such information; or * for any activity that is otherwise prohibited by law or infringes upon the rights of others. You agree not to take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Site. In particular, you shall not use any device, software, or routine that interferes or attempts to interfere with the proper functioning of the Site, or any transaction being conducted on the Site. Additionally, you must not interfere with or disrupt any other user’s use of the Site. ### 3. Wallet Security To access and use the Site, you must use a non-custodial wallet software (your “Wallet” and all the non-custodial wallet software you use, your “Wallets”), which allows you to interact with public blockchains. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service with the third-party. We do not have custody or control over the contents of your wallet and have no ability to retrieve or transfer its contents. The security of your Wallets is your sole responsibility. You are required to take appropriate measures to ensure the security and confidentiality of your Wallet, passwords, and any other authentication information. You shall not share your Wallets, or any information related to your Wallets (including your seed phrases or private keys) with any other individual or entity. We strongly recommend that you adopt robust operational security measures to protect your Wallets, including but not limited to installing the latest software upgrades on your mobile devices, using two-factor authentication as appropriate, and regularly update your security settings. It is your responsibility to keep your Wallets secure. You understand and acknowledge that any activity conducted through your Wallets will be deemed as your own actions. You are solely responsible for any consequences arising from unauthorized use or access to your Wallets, whether through your own actions or due to your failure to implement adequate security measures. In the event of any suspected or actual unauthorized access to your Wallets, or if you believe your Wallet has been compromised, you must immediately take appropriate action to mitigate any potential risks. We have no ability to control or reverse any transactions on the Protocol. We shall not be held responsible for any loss, damage, or unauthorized transactions resulting from any unauthorized access of your Wallet. By using the Site, you agree to assume full responsibility for the security of your Wallets, and you acknowledge that we do not condone the sharing of your Wallets (or the associated seed phrase and/or private key). ### 4. Intellectual Property We own all intellectual property and other rights in the Site and its contents, including, but not limited to, software, text, images, trademarks, service marks, copyrights, patents, designs, and its "look and feel". Subject to your compliance with these Terms and any other terms agreed with us separately, we grant you a limited, revocable, non-transferable, and non-exclusive license to access and use the Site for personal purposes only. This license does not grant you any ownership or rights to our intellectual property. All intellectual property and any other proprietary rights associated with the Site and its content are and shall remain our sole property. These Terms do not transfer any ownership or intellectual property rights to you. You shall not claim or assert any right, title, or interest in or to our intellectual property by virtue of your access and use of the Site. You shall not modify, reproduce, distribute, display, perform, publish, create derivative works from, or exploit in any way our intellectual property without our prior written permission. We reserve the right to take legal action, including seeking damages and injunctive relief, against any individual or entity that violates our intellectual property rights or uses the Site in a manner that infringes upon our intellectual property. No licenses or rights are granted to you by implication or estoppel with respect to our intellectual property or the intellectual property of any third party. ### 5. Representations and Warranties On each instance that you access and use the Site, you represent and warrant to us that: * it is lawful under the laws applicable to you to access and use the Site; * you are not accessing the Site from a country that is sanctioned by any governmental or supranational body, including but not limited to the Office of Foreign Assets Control of the United States Department of the Treasury, the United Nations Security Council, the European Union, any European Union member state and that you are not an individual subject to any sanctions by a governmental or supranational body; * you are not a citizen, resident of, or a legal entity incorporated or organized under the laws of, the United States, Russia, Cuba, Iran, North Korea and Crimea; * you understand and accept all risks of using the Site and crypto tokens; * you have full understanding of the nature and risks of digital assets and blockchain networks, and voluntarily and of your own accord; * you have knowledge and experience in all relevant matters as to be capable of evaluating the merits and risks of accessing and using the Site and conducting transactions using the Protocol; * you have full authority and power to enter into these Terms and that your entry into these Terms does not conflict with any other legal obligation (whether under statute, contract, tort or otherwise) that is binding on you; and * your acceptance of these Terms are legal, valid, binding and enforceable obligations of yours. ### 6. Third-Party Websites The Site may contain links or references to third-party websites that are not owned or controlled by us. These links are provided for your convenience and informational purposes only. We do not endorse, guarantee, or assume any responsibility for the accuracy, reliability, or legality of the content on these third-party websites. By accessing and using any third-party websites linked from the Site, you acknowledge and agree that you do so at your own risk. We shall not be held liable for any damages or losses arising from your use of or reliance on the content, products, or services offered by these third-party websites. We recommend that you review the terms and conditions and privacy policies of any third-party websites you visit. Your interactions with these websites are governed by their respective terms and policies, which may differ from ours. The inclusion of any third-party links on the Site does not imply endorsement or affiliation with the linked website or its operators. We disclaim any responsibility for the actions, content, or practices of any third-party websites. If you decide to access or use any third-party websites linked from the Site, you do so voluntarily and solely at your own discretion. Please note that while we strive to provide reliable and useful links, we cannot guarantee the accuracy, safety, or reliability of third-party websites. It is your responsibility to exercise caution and make informed decisions when accessing or using any third-party websites. ### 7. Breaches of these Terms We reserve the right to take appropriate action, including but not limited to the immediate termination or suspension of your access to the Site, in the event of any violation of these Terms. If we become aware of any violation of these Terms, we may, at our discretion, investigate the matter and take necessary legal action to enforce our rights and protect the integrity of the Site. Any failure on our part to enforce these Terms shall not be considered a waiver of our right to do so in the future, nor shall it constitute a waiver of any other provision or right under these Terms. You agree to cooperate fully in any investigation regarding a violation of these Terms. This may include providing any information or evidence necessary to resolve the matter satisfactorily. You understand and agree that we shall not be liable to you or any third party for any damages, losses, or expenses incurred as a result of our actions taken in response to a violation of these Terms. By using the Site, you acknowledge and agree that any violation of these Terms may result in the termination or suspension of your access to the Site and may lead to legal consequences. ### 8. Limitation of Liability In no event shall we or our affiliates, directors, officers, employees, or agents be liable for any direct, indirect, incidental, special, consequential, or exemplary damages or loss, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses or other costs and expenses (including legal or other professional adviser fees) (“Losses”), arising out of or in connection with your use of the Site or the inability to access or use it. Notwithstanding that we will not be responsible for any Losses suffered by you, if you suffer any Losses, you must take all reasonable steps to mitigate such Losses which has occurred or may occurred. To the extent the limitations of liability are unenforceable, our maximum liability to you shall be the lowest amount permitted under the relevant applicable laws. ### 9. Indemnity You shall indemnify and keep us indemnified in full and on demand, and hold us harmless, from all claims, liabilities, direct or indirect damages, losses, costs, expenses, or fees (including reasonable attorneys' fees) suffered or incurred by us arising out of or in connection with (1) your violation of these Terms, (2) your violation of any rights of any other person or entity, including but not limited to intellectual property rights, privacy rights or contractual rights, (3) your access to or use of any third-party websites linked from the Site, or (4) your violation of any applicable laws, regulations or third-party rights which involve the use of the Site. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with us in asserting any available defenses. You acknowledge and agree that the indemnification obligations set forth in this provision shall survive the termination or expiration of these Terms and your use of the Site. ### 10. Circumstances Beyond Our Control While we will use reasonable efforts to ensure the Site is operational to a satisfactory service level, there are events that are circumstances beyond our reasonable control which may inhibit, affect or prevent your access and use of the Site. These include, without limitation: * disruption of the information services required to access the Site such as your Internet service provider, our servers, the blockchains on which the Protocol is deployed, etc.; * hardware failures of our servers or your personal device or Internet service provider; * a temporary or indefinite halt of the functionality of the Site or any blockchain on which the Protocol is deployed; and * cyberattacks against the Site or other malicious malware used to henbit the functionality of the Site. We will not be responsible for any Losses incurred by you as a result of any circumstances beyond our reasonable control which may inhibit, affect or prevent your access and use of the Site. ### 11. Your Privacy When you use the Site, we may collect information on your blockchain wallet address, completed transaction hashes, and the token names, symbols, or other blockchain identifiers of the tokens that you swap, which are all publicly available from the blockchain. When you interact with the blockchain, you are making certain information available for public viewing. We do not collect any other personal information from you. We use your publicly available information to (1) provide, maintain, customize and improve the Site, (2) protect against, investigate, and stop fraudulent, unauthorized, or illegal activity, or address security risks or issues, and (3) comply with our legal obligations. The Site does incorporate third-party service providers, such as Infura and Google Analytics, which may receive or independently obtain your personal information from publicly available sources. We do not control how these third parties handle your data and you should review their privacy policies to understand how they collect, use, and share your personal information. In particular, please visit the privacy policies of Infura and Google to learn more about how these third parties use data. By accessing and using the Interface, you understand and consent to our data practices and our service providers' treatment of your information. We use the publicly available information we collect to detect, prevent, and mitigate financial crime and other illicit or harmful activities on the Interface. For these purposes, we may share the publicly available information we collect with blockchain analytics providers or legal authorities as appropriate. We may share your publicly available information with these service providers only so that they can help us promote the safety, security and integrity of the Site. We do not retain the information we collect any longer than necessary for these purposes. It is our policy to comply with all legal and regulatory requests, provided they are not invalid, overbroad, or unconstitutional requests as appropriate. However, we cannot guarantee that unauthorized third parties will never be able to obtain or use your information or aggregate data for improper purposes. You acknowledge that you provide your information and aggregate data at your own risk. ### 12. Taxes Your access and use of the Site may result in various tax consequences, such as income or capital gains tax, value-added tax, goods and services tax, or sales tax in certain jurisdictions. It is your responsibility to determine whether taxes apply to any transactions you initiate or receive and, if so, to report and/or remit the correct tax to the appropriate tax authority. ### 13. No Warranties The Site and its content are provided on an "as-is" and "as available" basis without any representations or warranties of any kind, whether express, implied, or statutory. We do not warrant that the website will be uninterrupted, error-free, secure, or free from viruses or other harmful components. To the extent permitted by the law, we disclaim all warranties, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not represent or warrant that access to the Site will be continuous, uninterrupted, timely, or secure; that the information contained in the Site will be accurate, reliable, complete, or current; or that any of our products will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning the Site. Similarly, the Protocol is provided "as is", at your own risk, and without warranties of any kind. The Protocol is run autonomously by the smart contracts deployed on various blockchains. ### 14. No Investment, Legal, Tax, or Other Advice The information provided on the Site and any of the social media accounts under the control of us or any individuals directly affiliated with us, including but not limited to articles, guides, and other content, is for informational purposes only. It does not constitute financial, investment, legal, tax, or any other professional advice. We do not provide any personalized recommendations or advice regarding the suitability, profitability, or legality of any investment, financial strategy, or transaction. Any decision to engage in transactions on the Site is solely at your own risk and discretion. You should consult with appropriate professionals, such as financial advisors, lawyers, or tax advisors, to obtain specific advice tailored to your individual circumstances before making any transactions on the Site. Your access and use of the Site does not establish a client, advisory, or fiduciary relationship between you and us. We make no representations or warranties regarding the accuracy, completeness, or timeliness of the information provided on our Site. We shall not be held liable by any person for any errors or omissions in the content or for any actions taken in, or any losses, damages, or liabilities arising from, reliance of the information provided. You bear full responsibility for evaluating the accuracy, completeness, and usefulness of any information or content provided on the Site and for seeking professional advice as necessary. By using the Site, you acknowledge and agree that we do not provide any investment, legal, tax, or other professional advice. You should seek appropriate advice from qualified professionals before making any financial or investment decisions. We shall not be held responsible for any consequences resulting from your reliance on the information provided on the Site. ### 15. Reservation of Rights We reserve the right to take appropriate legal action, including but not limited to seeking damages, injunctions, or any other remedies available under applicable law, to address any violation of these Terms. We reserve the right to prohibit or block any activity on the Site that violates these Terms, including but not limited to the use of automated devices, unauthorized access attempts, or probing, scanning, or testing the vulnerability of the Site. ### 16. Assumption of Risk You acknowledge and agree that the access or use of the Site and any involvement with crypto assets carry inherent risks. These risks include, but are not limited to, market volatility, potential loss of investment, regulatory changes, technological vulnerabilities, and cybersecurity risks which are beyond our control. We shall not be held liable for any losses, damages, or liabilities arising from your use of crypto assets or any transactions related to crypto assets conducted through the Site. You understand and accept that the value of crypto assets can fluctuate significantly, and there is no guarantee of profit or protection against losses. The decision to engage in transactions involving crypto assets is solely your responsibility, and you bear all risks associated with such transactions. You are solely responsible for conducting your own research, understanding the risks involved, and making informed decisions regarding the use, purchase, sale, or holding of crypto assets. You should consult with appropriate professionals before making any financial or investment decisions. It is your responsibility to ensure compliance with applicable laws, regulations, and tax obligations related to the use and ownership of crypto assets in your jurisdiction. We recommend implementing appropriate security measures, including but not limited to secure storage, strong passwords, and two-factor authentication, to protect your crypto assets and associated information. You acknowledge that the blockchain technology underlying crypto assets is subject to its own risks and limitations, including but not limited to network congestion, technological failures, and delays in transaction confirmation. We shall not be responsible for any losses or damages arising from such risks and limitations. By using the Site and engaging with crypto assets, you acknowledge and assume all risks associated with crypto assets, including any not described above (which is a non-exhaustive coverage of all relevant risks). You agree to release us from any liability and hold us harmless from any Losses incurred in connection with the use of crypto assets. ### 17. Miscellaneous We reserve the right to modify, suspend, or terminate the Site or any part thereof, at any time without prior notice. We shall not be liable to you or any third party for any such modification, suspension, or termination. In addition, we may update these Terms from time to time in our sole discretion and without any prior notice to you. It is your responsibility to check the Site for the latest version of these Terms. The most recent date of update will clearly indicated in these Terms. If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law. These Terms contain the whole agreement between you and us relating to your access and use of the Site. You agree and acknowledge that you are not agreeing to these Terms in reliance of any representation, warranty or undertaking made by us. These Terms shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of laws principles. Any dispute, controversy, difference or claim arising out of or relating to this contract, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it (“Dispute”) shall be referred to and finally resolved by arbitration administered by an arbitral institution determined by us under arbitral rules determined by us. The seat of arbitration shall be Singapore and there shall be a single arbitrator appointed by us. You and us explicitly waive any right to have a Dispute heard by jury trial and any Dispute you bring must be brought in your individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action, or other representative proceedings. In the event that any immunities apply to you, you agree to waive such immunities. # Overview Overview
## **What is Magpie?** The Magpie DAO is a suite of protocols that transcends conventional platforms with the goal of enhancing participation and user opportunities across DeFi. Integrated with an array of structures and solutions, Magpie adapts itself to different frameworks with the goal of achieving continuous growth while supporting the core functionalities of the decentralized finance ecosystem. As a [Mega DAO composed by various SubDAOs](https://defillama.com/protocol/magpie-ecosystem#information), Magpie focuses on blackholing governance tokens, offering Liquid Restaking Services for Ethereum and Liquid Staking for Bitcoin. ## Magpie's SubDAO Model [The SubDAO model](https://blog.magpiexyz.io/magpie-the-subdao-model-d9ead54a2147) is a Magpie Factory designed to develop new products that enhance other innovations within the DeFi ecosystem. Its expansive capabilities include the creation of new SubDAOs, each designed with a unique purpose and function that aligns with a specific parent protocol. The cornerstone of the SubDAO model is a symbiotic relationship between Magpie and the solutions it integrates, fostering an environment in which involved entities prosper and collectively contribute to the broader growth of the DeFi landscape. Each SubDAO possesses its own governance token, with the Magpie Treasury retaining a percentage of the governance token from each SubDAO. ## What is MGP?
MGP is the governance and active reward-earning token of the Magpie DAO. MGP can be locked on Magpie as Vote-Locked MGP at 1:1 ratio. Vote-Locked MGP, also known as vlMGP, allows MGP holders to earn rewards and share governance benefits. Since a percentage of the governance tokens from each SubDAO is allocated to the Magpie Treasury, the benefits that Magpie’s Treasury acquires from each SubDAO's token allocation are shared among vlMGP holders. This structure allows vlMGP holders to earn rewards and get involved in voting processes across all SubDAOs and their integrated protocols, regardless of the network. Buy MGP on [PancakeSwap](https://pancakeswap.finance/swap?outputCurrency=0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa) # The Magpie Ecosystem Magpie has been integrated with different protocols across DeFi to encourage user participation and optimize opportunities.
## veTokenomics One of the main purposes of Magpie is to blackhole governance tokens from top-tier platforms across the DeFi landscape. By supporting veTOKEN-based protocols, we are able to effectively encourage the long-term development of various projects through our SubDAO Model while generating real yield rewards for each SubDAO and for the Mega DAO as a whole. ## Liquid Restaking Magpie also focuses on providing Liquid Restaking services. This aspect of our ecosystem supports the long-term sustainability of various networks in the cryptocurrency landscape, opening up new possibilities and opportunities through shared security implementations. With this approach, Magpie maximizes rewards and participation for users within DeFi. ## Liquid Staking To enhance user activity and promote long-term growth within the Bitcoin blockchain, Magpie is developing Babypie. Babypie is a SubDAO designed to provide Liquid Staking services for native BTC tokens using Babylon's infrastructure. This approach creates new value generation opportunities for Bitcoin token holders and new rewards streams for the Magpie ecosystem and its users. # Penpie (Pendle Finance)
Pendle Finance, a DeFi yield-trading protocol with over 4.5 billion in TVL, successfully integrated with Magpie to optimize yield opportunities and enhance its veTokenomics model. This collaboration led to the creation of [Penpie](https://docs.penpiexyz.io/penpie-overview), a product tailored to support and nurture the growth of Pendle Finance and its broader ecosystem. Through Penpie, Magpie not only extended its influence but also amplified the benefits it provides to DeFi participants. ## Integration Details Pendle Finance implements the veToken model for its governance token PENDLE. PENDLE holders can lock their tokens as vePENDLE on Pendle Finance to own governance rights, earn rewards and get higher APR% as liquidity providers in the protocol. In order to get the most benefits of vePENDLE, users must lock their PENDLE for 2 years. Penpie allows PENDLE holders to earn increased PENDLE rewards for their active participation, offers Pendle Finance voters cost-effective voting power, and enables liquidity providers to get increased APR% without the need of locking PENDLE tokens as vePENDLE. * **Stake mPENDLE -** Penpie offers PENDLE holders the opportunity to earn substantial rewards by converting their governance tokens (PENDLE) into mPENDLE. Users can stake mPENDLE on Penpie to earn an enhanced rewards in the form of PENDLE. * **Boosted Yields -** Thanks to Penpie's vePENDLE holdings, liquidity providers can deposit their assets on the platform and receive boosted rewards. This removes the necessity for them to individually convert their PENDLE into vePENDLE. * **Cost-Effective Voting Power -** The voting power amassed by Penpie through vePENDLE is allocated to vlPNP holders, allowing them to engage effectively in Pendle's governance. PNP, Penpie's governance token, can be locked as vlPNP, providing access to its advantages. Vote-Locked PNP holders can earn rewards and influence Pendle's governance, thereby maximizing their rewards. Users must wait 60 days for their vlPNP to be completely unlocked and converted back to PNP. # Radpie (Radiant Capital)
Radiant Capital, a DeFi lending and borrowing protocol with over 80 million in TVL, successfully integrated with Magpie to optimize rewards opportunities and enhance its dLP model. This collaboration resulted in the creation of [Radpie](https://docs.radpiexyz.io/radpie-overview), a product designed to to foster the growth of Radiant Capital and its extensive ecosystem. Through Radpie, Magpie has not only expanded its influence but also increased the benefits it offers to DeFi participants. The introduction of Radpie serves as a novel solution that strengthens the core functionalities of Radiant Capital through our SubDAO Model ## Integration Details RDNT, is the native utility token of Radiant Capital. RDNT emissions incentivize ecosystem participants to provide utility to the platform as dynamic liquidity providers, also known as dLPs. In the Radiant ecosystem, locking dLP tokens offers unique advantages. Not only can dLP holders tap into RDNT emissions as lenders or borrowers, but they also receive a part of the platform’s fees and governance privileges. The larger the amount of their dLP holdings and longer the lock up, the more RDNT emissions and platform fees users stand to earn. Users can obtain dLPs by locking RDNT-ETH or RDNT-BNB on Radiant through a unique process known as “Zapping”. On Arbirum dLP is composed by RDNT-ETH and on BNB Chain is composed by RDNT-BNB. Radpie provides a unique opportunity for dLP holders to increase their earnings by converting their dLP to mdLP. Once converted, users can stake their mdLP on Radpie, where they will be eligible to earn not only RDNT emissions but also additional RDP rewards and protocol fees. Radpie offers several advantages to Radiant Capital. Firstly, it elevates the user experience on Radiant by streamlining the process of locking dLPs and optimizing returns. By securing dLPs, Radpie fosters the long-term sustainability of Radiant. * **Stake mdLP -** dLP holders can enhance their rewards for their active participation and flexibility by converting their assets into mdLP. By staking mdLP on Radpie, users can earn RDNT emissions without locking their assets. * **RDNT Emissions for LPs -** Thanks to Radpie's dLP holdings, liquidity providers can easily deposit their assets on the platform to earn RDNT tokens. This eliminates the need for them to individually lock dLP. * **Cost-Effective Voting Power -** The voting power accumulated by Radpie through dLP is distributed among vlRDP holders, allowing them to actively participate in Radiant Capital's governance. RDP, Radpie's governance token, can be locked as vlRDP, offering various benefits. Vote-Locked RDP holders can earn rewards for their active participation and influence Radiant's governance, maximizing their rewards. Users must wait 30 days for their vlRDP to be fully unlocked and converted back to RDP. # Cakepie (PancakeSwap)
PancakeSwap is a prominent DeFi platform with over 2 billion in TVL, successfully integrated with Magpie to enhance its product offerings. This collaboration has resulted in the creation of [Cakepie](https://docs.cakepiexyz.io/cakepie-overview), a new SubDAO under Magpie's umbrella, aimed at improving the functionalities of PancakeSwap's newly introduced veCAKE model. The initiative intends to expand DeFi's reach and impact, creating new opportunities for users and the broader community. Through Cakepie, Magpie seeks to augment the capabilities of PancakeSwap, thereby strengthening its position within the DeFi landscape and offering additional benefits to its users. ## Integration Details CAKE is the governance token for PancakeSwap. It has various functions, including providing rewards to users who supply liquidity. Users can lock their CAKE as veCAKE to amplify their yields and take part in PancakeSwap’s governance processes. veCAKE represents a locked version of the CAKE token and is not tradable or transferable. To benefit from voting and reward-earning advantages, users must lock their CAKE as veCAKE within PancakeSwap. Cakepie offers CAKE holders an opportunity to earn enhanced CAKE rewards for active participation. It also provides cost-effective voting power to PancakeSwap voters and allows liquidity providers to enjoy higher APR% without the need to lock any of their CAKE tokens as veCAKE. * **Stake mCAKE -** CAKE holders have the chance to maximize their rewards for their active participation by converting their assets into mCAKE. Users can stake their mCAKE on Cakepie to earn increased rewards in the form of CAKE. * **Boosted Yields -** Due to Cakepie’s veCAKE holdings, liquidity providers have the convenience of depositing their assets on the platform and benefiting from increased rewards. This means there’s no requirement for them to individually lock their CAKE as veCAKE. * **Cost-Effective Voting Power -** The voting power that Cakepie has accumulated through veCAKE is distributed among vlCKP holders, enabling them to participate efficiently in PancakeSwap’s governance. CKP, the governance token of Cakepie, can be locked as vlCKP, granting access to its benefits. Holders of Vote-Locked CKP can earn rewards for their active participation and influence PancakeSwap’s governance, maximizing their rewards in the process. Users must wait 60 days for their vlCKP to be fully unlocked and converted back to CKP. # Eigenpie (EigenLayer)
EigenLayer, boasting billions in TVL, is an infrastructure built on Ethereum, designed to enhance security in the crypto world. It introduces the concept of “Restaking,” which allows users to utilize their ETH or ETH LSTs more than once. This can be considered as reusing ETH or ETH LSTs to augment security and earn additional rewards. Users that hold ETH, either directly or through Liquid Staking Tokens (LSTs), can leverage the technology of EigenLayer to “restake.” This means that the assets will contribute to the protection of more applications in exchange for incentives. ## Integration Details ETH, the native currency of the Ethereum blockchain, serves to validate and secure the network. Users can also deposit their ETH into liquid staking protocols to receive LSTs, which are staked versions of ETH that can be traded and transferred. [Eigenpie](https://docs.eigenpiexyz.io/introduction) provides ETH and LST holders with the opportunity to boost their participation rewards and flexibility through liquid restaking. By depositing their ETH and LSTs on Eigenpie, users can validate new services via the EigenLayer framework and receive LRTs in return. LRTs on Eigenpie are liquid restaked versions of ETH and ETH LSTs, enabling users to access new yield opportunities in DeFi while their underlying assets simultaneously validate the Ethereum network and other services, all without any required lock-up period. The LRTs issued by Eigenpie are also tradable and transferable. # Campie (Camelot DEX)
Camelot, the native DEX of Arbitrum with a TVL of $100 million, has been effectively integrated with Magpie to optimize its product offerings. This partnership led to the creation of [Campie](https://docs.campiexyz.io/campie-overview), a SubDAO under Magpie, dedicated to improving the functionalities of Camelot's xGRAIL structure. The initiative aims to extend DeFi's reach and influence, opening new opportunities for users and the broader community. Through Campie, Magpie seeks to enhance the capabilities of Camelot, thereby reinforcing its position within the DeFi landscape and providing additional benefits to its users. ## Integration Details GRAIL serves as the governance token for Camelot, offering multiple utilities. Users can lock their GRAIL into xGRAIL to boost their yields and engage in Camelot's governance activities. xGRAIL is the locked form of the GRAIL token, which cannot be traded or transferred. To access voting rights and earn rewards, users need to lock their GRAIL as xGRAIL within Camelot and distribute it across various plugins. Campie provides GRAIL holders with the chance to earn increased rewards. It also offers cost-effective voting power to Camelot voters and enables liquidity providers to achieve higher APR without locking any of their GRAIL tokens as xGRAIL. * **Stake mGRAIL -** GRAIL holders have the opportunity to amplify their rewards by converting their assets into mGRAIL. By staking mGRAIL on Campie, users earn rewards for their active participation from the platform. * **Boosted Yields -** Campie's xGRAIL holdings allow liquidity providers to deposit their assets on the platform and benefit from increased rewards. This eliminates the need for them to individually lock their GRAIL as xGRAIL to maximize their earning potential. * **Cost-Effective Voting Power -** The voting power that Campie has accumulated through xGRAIL is set to be distributed among vlCMP holders, enabling them to participate efficiently in Camelot's governance. CMP, the upcoming governance token of Campie, will be lockable as vlCMP, granting access to its benefits. Holders of Vote-Locked CMP will be able to earn rewards for their active participation and influence Camelot's governance, maximizing their rewards in the process. Users will need to wait 30 days for their vlCMP to be fully unlocked and converted back to CMP. # Listapie (Lista DAO)
Lista DAO functions as an open-source liquidity protocol, enabling users to generate yields on collateralized crypto assets and borrow the decentralized stablecoin lisUSD. Lista DAO has integrated with Magpie to optimize its product functionalities, resulting in the creation of [Listapie](https://docs.listapiexyz.io/listapie-overview), a SubDAO within Magpie's structure, aimed at enhancing the veLISTA model's functionalities. The goal of this initiative is to extend DeFi's reach and influence, creating new opportunities for users and the broader community. Through Listapie, Magpie seeks to enhance Lista DAO's capabilities, strengthening its position within the DeFi landscape and offering additional benefits to its users. ## Integration Details LISTA serves as the governance token for Lista DAO. By locking their LISTA into veLISTA, users can enhance their yields and actively participate in the governance activities of Lista DAO. veLISTA is a locked form of the LISTA token, making it non-tradable and non-transferable. To access voting rights and reward benefits, users must lock their LISTA into veLISTA within Lista DAO. Listapie presents LISTA holders with the chance to earn increased LISTA rewards for their active participation. Additionally, it delivers cost-effective voting power to voters of Lista DAO and enables liquidity providers to benefit from higher APR% without the necessity of locking their LISTA tokens into veLISTA. * **Stake mLISTA -** LISTA holders can optimize their rewards for their active participation by converting their assets into mLISTA. By staking mLISTA on Listapie, users can earn higher rewards. * **Boosted Yields -** Thanks to Listapie's veLISTA holdings, liquidity providers can simply deposit their assets on the platform and enjoy enhanced rewards. This eliminates the need for them to individually lock their LISTA into veLISTA. * **Cost-Effective Voting Power -** The voting power accumulated by Listapie through veLISTA is distributed among vlLTP holders, allowing them to participate effectively in Lista DAO's governance. By locking LTP, Listapie's governance token, into vlLTP, holders gain access to its benefits. Vote-Locked LTP holders can earn rewards for their active participation and influence Lista DAO's governance, thus maximizing their rewards. Users must wait 60 days for their vlLTP to be fully unlocked and converted back to LTP. # Babypie (Babylon)
The Babylon staking protocol, constructed on Bitcoin, is designed to enhance security in the cryptocurrency realm. It introduces "staking" for Bitcoin, enabling users to leverage their BTC to secure and validate new PoS systems, while earning rewards for their participation. BTC holders can take advantage of Babylon's technology to "stake" their assets and generate rewards. By doing so, their BTC will aid in securing other applications, earning them incentives in return. ## Integration Details BTC, the native currency of the Bitcoin blockchain, is produced by miners who safeguard the network using the PoW mechanism at a rate of 3.125 BTC per block. Users will have the opportunity to deposit their BTC into the Babylon staking protocol, thereby contributing to cryptoeconomic security with their assets. [Babypie](https://docs.babypiexyz.io/babypie-introduction) offers BTC holders the chance to enhance their participation rewards and flexibility through liquid staking. By depositing their BTC on Babypie, users receive mBTC in return and can validate new systems via Babylon. mBTC is a cross-chain wrapped token pegged to BTC on a 1:1 basis and it does not accrue any underlying rewards. mBTC can be staked on Babypie as smBTC to earn yield from their participation in Babylon. As a liquid staked token (LST) developed by Babypie, smBTC represents a staked version of mBTC. smBTC allows users to access new yield opportunities in DeFi while their underlying assets validate PoS systems via the Babylon staking protocol, accruing value without any mandatory lock-up period. Additionally, smBTC is both tradable and transferable. # MGP Token Magpie's Governance Token

Lock MGP as vlMGP

## MGP is the governance and reward earning token for active participation on Magpie. Users can lock their MGP Tokens to get Vote-Locked MGP. Vote-locked MGP allows its holders to earn rewards for active participation and share governance voting power across the Magpie cosystem. Through vlMGP users can earn rewards from different SubDAOs and influence decision-making processes. ## Details: Token Name: MGP Token Type: BEP-20 Total Supply: 1,000,000,000 ## **Where can I buy $MGP?** Users can buy MGP on [PancakeSwap](https://pancakeswap.finance/swap?outputCurrency=0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa) through BNB Chain and Arbitrum. # Vote-Locked MGP vlMGP Vote-Locked MGP is the locked version of MGP. The governance power that the Magpie Treasury has acquired from different SubDAOs is distributed and controlled by vlMGP holders. ## Users must lock MGP as vlMGP to: * Earn rewards * Participate in governance ## How can I get vlMGP? Users can lock MGP on Magpie to get vlMGP at 1:1 ratio. ## How does lock / unlock work? * Once MGP is locked, it is in lock state indefinitely. * Users must "Start Unlock" to start 60 day unlock period known as "Cool Down". * Users can "Force Unlock" to unlock their vlMGP before 60 days by paying a penalty fee. * To fully unlock vlMGP without penalty users must wait 60 days for the Cool Down period to end. * vlMGP holders continue to earn rewards for their active participation but cannot participate in voting while their tokens are in Cool Down. * At day 1, penalty cost is 80% of the total MGP tokens locked by the user and will decrease non-linearly over time.

Force unlock formula

## There are three states of vlMGP **1. Lock state:** By default, vlMGP is in the locked state and has the ability to vote for Magpie governance, receive a part of Magpie's rewards, and participate in the Voting Market on Magpie. 2\. **Cooldown (or unlocking) state:** Once you "Start Unlock", your vlMGP will enter a cooldown state. At this point, you can select the amount of vlMGP to begin the unlocking process. While in the cooldown state, your vlMGP can ONLY receive a part of Magpie's rewards. It will NOT be able to vote for Magpie governance nor participate in the Voting Market on Magpie. **3. Expired state:** After the "Cooldown" period concludes, your vlMGP will enter the expired state. In this state, your vlMGP will lose all functionalities, including voting for Magpie governance, receiving any rewards, and using the Voting Market on Magpie. The rewards will continue to be allocated to expired vlMGP, but they will be forfeited and redistributed to all other vlMGP users once claimed. The forfeited portion will be proportional to the amount of expired vlMGP and the duration of their expired state. ## What happens with tokens accumulated from penalty? The community will determine the use of the accumulated penalty. # MGP distribution MGP token contract: 0xD06716E1Ff2E492Cc5034c2E81805562dd3b45fa | Allocation | Amount Of Tokens | Percentage | Lock up and Vesting | | ----------------------- | ---------------- | ---------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Strategic sale | 50.0M | 5.00% | 0% initial unlock, followed by 3 months cliff, followed by quarterly vesting over remaining 3 years | | PancakeSwap IFO | 70.0M | 7.00% | 30% initial unlock, followed by block-by-block vesting over remaining 3 months | | PancakeSwap Syrup Pool | 24.0M | 2.40% | 0% initial unlock, followed by block-by-block vesting over remaining 2 months | | Liquidity Mining | 450.0M | 45.00% | 0% initial unlock, followed by 2% maximum unlock for the first 2 months, followed by 1% maximum unlock every month thereafter, though actual deployment of unlocked tokens, depending on market conditions, may be lower. | | Community Treasury | 100.0M | 10.00% | 0% initial unlock, followed by block-by-block vesting over remaining 5 years | | Ecosystem | 90.0M | 9.00% | 0% initial unlock, followed by block-by-block vesting over remaining 3 years | | Airdrop | 30.0M | 3.00% | 5% initial unlock, followed by weekly vesting over remaining 1 year | | Liquidity and exchanges | 11.0M | 1.10% | 100% initial unlock | | Team & Advisors | 175.0M | 17.50% | 0% initial unlock, followed by 6 months cliff, followed by semiannually vesting over remaining 4 years | # MGP Chart Tools to track MGP price 🔹 [CoinMarketCap](https://coinmarketcap.com/currencies/magpie/) 🔹 [CoinGecko](https://www.coingecko.com/en/coins/magpie) 🔹 [GeckoTerminal](https://www.geckoterminal.com/bsc/pools/0x088464e4e8cc54bf91180cbb8c61c68aecc74166) # MGP Emission Emission Allocation ## **MGP Emission on Magpie** | Pool | Emission Type | MGP per sec | | ---- | ------------- | ----------- | | mWOM | MGP | 0.0189 | # MGP Airdrop MGP Airdrop Details In order to bootstrap liquidity and reward our early supporters Magpie will offer 3% of the total supply as an airdrop after TGE. The airdrop of $MGP tokens has been distributed to participants, and they are currently waiting for the vesting period to be completed. ## **$MGP Token Airdrop Details (3% of Total supply)** * **2% for WOM UP Party -** Magpie's main goal is to accumulate WOM tokens to boost yields and to own governance benefits on Wombat Exchange. Early WOM converters who participate in our WOM UP Party will receive 5 MGP tokens for every WOM token converted into mWOM. This 5 to 1 ratio only applies to the first 4M WOM converted. On top of that, every user that participate will receive 10% MGP bonus for every WOM converted. The team will take a snapshot at Nov 1st 14:00 UTC. * **0.30% for BAB holders -** To support the BNB Chain community, we will airdrop 3 million MGP Tokens to BAB Token holders. To qualify, users need to hold Magpie’s Mainnet Launch OAT + BAB token in their wallet. (300 MGP will be airdropped per user for 10,000 lucky Mainnet launch OAT holders). The team will take a snapshot at Nov 1st 14:00 UTC and conduct the lucky draw. * **0.20% for Magpie Liquidity Providers before Magpie TGE (Main pools, Side pools, BNB pools) -** To reward Magpie liquidity providers that support the platform before TGE we will share a 2 million MGP token airdrop. Magpie team will take several snapshots before TGE and the number of MGP airdrop rewards will be proportional to the TVL provided and deposit duration. * **0.15% for Wombat Liquidity Providers including Main pools, Side pools, BNB pools) -** To reward Wombat Exchange liquidity providers we will share a 1.5 million MGP token airdrop for them. Magpie team will take a snapshot before TGE and the number of MGP airdrop rewards for each users is proportional to the TVL provided. * **0.10% for WOM holders (Including WOM/BUSD Liquidity providers on PancakeSwap) -**To reward WOM holders we will share a 1 million MGP token airdrop for them. Magpie team will take a snapshot before TGE and the number of MGP airdrop rewards is proportional to the balance of WOM holding. * **0.10% for veWOM holders -** To reward long-term Wombat supporters we will share a 1 million MGP token airdrop for them. Magpie team will take a snapshot before TGE and the number of MGP airdrop rewards is proportional to the balance of veWOM holding. * **0.10% for Coinmarketcap WOMwar Campaign -** To raise awareness and maximize reach for users around the world we will share a 1 million token airdrop for Coinmarketcap Campaign. * **0.05% for Testnet Early Bird OAT holders** - To reward all users that hold our Testnet OAT we will share a 500k MGP token giveaway for them (this event has ended). The team will take a snapshot at Nov 1st 14:00 UTC. # The Benefits of vlMGP
* Earn rewards as an active participant in the Magpie ecosystem * Receive forfeited reward from early vlMGP unlocks * Influence decision-making on Magpie * Influence the governance of various SubDAOs and their integrated protocol * Get Priority Access to IDOs on the Magpie Launchpad # Earn Earn rewards as an active participant in the Magpie ecosystem

Enter

## vlMGP SubDAO Rewards By holding vlMGP, users are entitled to reap the benefits from the Magpie Treasury's dynamic engagement across multiple SubDAOs in our ecosystem. At present, the Magpie Treasury holds vlPNP, vlRDP, and vlCKP, which are strategically utilized on platforms such as Penpie, Radpie, and Cakepie to earn incentives. The profits generated from these activities are used to purchase PNP, RDP, and CKP tokens. These tokens are subsequently distributed to vlMGP holders, rewarding their active participation in the Magpie Ecosystem. As additional SubDAO tokens become operational, the Magpie Treasury will continue to explore new avenues of benefits for vlMGP holders. ## Forfeited Rewards When users choose to unlock vlMGP into MGP before the specified cooldown period ends, they incur a penalty. This penalty is deducted from their vlMGP balance and redistributed to other users who are holding vlMGP on the Magpie platform at that time. This mechanism incentivizes adherence to the holding period by rewarding compliant users and reallocating penalties from early converters to the rewards pool. # Governance Decision-making on the Magpie Ecosystem
MGP is the governance token of Magpie, and by locking it as vlMGP, users can participate in the decision-making processes of our platform. Since Magpie has significant influence across various protocols, the voting power accumulated by the Magpie Treasury is entirely controlled by vlMGP holders. Specifically, the Magpie Treasury owns a percentage of each SubDAO's governance token. This structure enables vlMGP holders to engage in decision-making processes that shape Magpie's voting position on proposals from other protocols. Penpie, Cakepie, Radpie, Campie, Listapie and Wompie all posess a pecentage of the governance token from their respective integrations. By Magpie owning a percentage of the SubDAO's governance tokens is able to efficiently participate and share decision-making processes trhoughout their respective integrated protocols. * Penpie controls 36% of the total vePENDLE within Pendle Finance * Cakepie controls 49% of the total veCAKE within PancakeSwap * Radpie controls 6.4% of the total dLP within Radiant Capital * Wompie controls 28% of the total veWOM within Wombat Exchange * Campie controls 7.3% of the total xGRAIL within Camelot (Campie's CMP token still not launched) * Listapie is currently accumulating LISTA tokens from Lista DAO and has not locked any percentage yet ## The Magpie Governance Forum
Users can join our [**Governance Forum**](https://gov.magpiexyz.io/) to suggest changes to Magpie and take part in the discussion with other investors. The [**General Discussion**](https://gov.magpiexyz.io/c/magpie/general/4) channel and the [**Community Ideas**](https://gov.magpiexyz.io/c/magpie/share-your-ideas-about-magpie-with-the-community/6) channel are created with the goal of fostering user participation. The core contributors of Magpie will review users opinions and engagement within the forum to consider implementations moving forward. In the [**Magpie Improvement Proposals**](https://gov.magpiexyz.io/c/magpie/parent-category-for-proposals/5) category, core contributors from Magpie will post proposed changes to the platform. This allows the community to vote and decide whether to support the suggestions or not. ## vlMGP holders are able to support or vote against the MIPs via [Snapshot](https://snapshot.org/#/magpiexyz.eth). Snapshot is an off-chain voting platform that allows DAOs to engage in decision-making processes and participate in decentralized governance.
# Voting Steps 1. Go to the [**Magpie website**](https://www.magpiexyz.io/earn). 2. Lock your MGP tokens to receive **vlMGP** and gain governance access. 3. Connect your wallet to the Magpie’s [**Snapshot page**](https://snapshot.box/#/s:magpiexyz.eth). 4. Review the active proposals and select the one you want to vote on. 5. Cast your vote by signing the transaction with your vlMGP wallet, no transaction fees will be payable for voting **Note:** To participate in the proposals, you must have your MGP locked as vlMGP before each proposal begins becomes live. You will not be eligible to vote on the proposals if you lock your MGP after the relevant proposal(s) which you intend to vote on becomes live. # Access IDOs via the Magpie Launchpad
## vlMGP holders have the right to get Priority Access for upcoming SubDAO IDOs within our ecosystem #### Essentially, vlMGP holders have the following two options: 1. By holding vlMGP, users are eligible to get IDO quota through Priority Access 2. Users can also burn vlMGP to maximize their Priority Access allocations ## Details: IDOs enable new crypto projects to raise funds transparently. The Magpie Launchpad, key to our ecosystem, manages these offerings for SubDAOs, ensuring access to new tokens and boosting community involvement. # Reference Disclaimer Magpie is developed with a primary focus on ensuring the safety and peace of mind of our users. However, engaging with any smart contract associated with decentralized finance inherently carries risks. Before launching the platform, our team conducted a comprehensive evaluation of our smart contracts and engaged the expertise of savvy external technical auditors to identify potential vulnerabilities and loopholes in our system. Nevertheless, there's always a possibility that you could lose all or a part of your money. We urge you to exercise caution when interacting with the platform and only do so within the bounds of your personal risk strategy. As users, you may face risks associated with the Wombat Exchange due to our direct integration with them, in addition to the risks tied to Magpie. We strongly recommend that you review their documentation and risk disclosures before engaging with either of these platforms. # Glossary Glossary ## **MGP** Magpie's governance and user engagement rewards token. Users can lock MGP to participate in governance and earn rewards for their active participation. ## **vlMGP** Vote-Locked MGP. Locked version of MGP. vlMGP holders control the voting power that Magpie owns on Wombat. Users can lock their MGP to receive vlMGP at 1:1 ratio. vlMGP holders can earn rewards for their active participation from the platform and also have governance rights. Vote-Locked MGP holders can participate in the governance of Wombat and Magpie. ## SubDAO Name used to describe every protocol created within the Magpie Ecosystem. Each SubDAO is exclusively focused on providing services to a specific platform. Magpie is set to own a percentage (15%-20%) of each SubDAO's governance token supply, benefiting directly from long-term development and growth. # Smart Contracts Magpie Smart Contracts ## Magpie XYZ core contrats {% tabs %} {% tab title="BNB Chain" %} | Contract | Address | | ----------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- | | MGP | [https://bscscan.com/token/0xd06716e1ff2e492cc5034c2e81805562dd3b45fa]() | | masterMagpie | [https://bscscan.com/address/0xa3B615667CBd33cfc69843Bf11Fbb2A1D926BD46]() | | vlMGP | [https://bscscan.com/token/0x9b69b06272980fa6bad9d88680a71e3c3beb32c6]() | | vlMGPBaseRewarder | [https://bscscan.com/address/0x94eb0e6800f10e22550e104ec04f98f043b6b3ad]() | | vlMGP Black hole | [https://bscscan.com/address/0xa39D4DA722098c67bCE113e7BFb3655A65F38C10]() | | {% endtab %} | | {% tab title="Arbitrum" %} | Contract | Address | | ----------------- | ------------------------------------------------------------------------ | | MGP | | | masterMagpie | | | vlMGP | | | vlMGPBaseRewarder | | | vlMGP Black hole | | | {% endtab %} | | {% tab title="Ethereum" %} | Contract | Address | | ------------ | ------------------------------------------ | | MGP | 0xBDf0B5e9dF9d0E82197534F39c3582C4e79B746b | | masterMagpie | 0x6591C09d924c02096A467c3D3f9e3C67D4cB8591 | | vlMGP | 0x9C60Dbc8027bA32e5E29c941AE5286cBe683D65C | | {% endtab %} | | {% tab title="Sonic" %} | Contract | Address | | ------------ | ------------------------------------------ | | MGP | 0x4b68dE8396B8f11456d43Bca03Af1d628d8bb9eA | | {% endtab %} | | {% tab title="HyperEVM" %} | Contract | Address | | ------------- | ------------------------------------------ | | MGP | 0x69fa010Dd27F9697B13641Ac2f5f85cc2A4Ca34A | | {% endtab %} | | | {% endtabs %} | | ## Governance {% tabs %} {% tab title="BNB Chain" %} | Contract | Address | | ------------------------- | ------------------------------------------ | | Magpie <> Wombat MultiSig | 0x5fF002f40975C866657C5325b0B921631D83ddfE | | Magpie MultiSig | 0xf433c2A2D6FACeCDd9Edd7B8cE9cEaaB96F41866 | | Magpie Treasury | 0x6dc8CCF1B731e97834002e6FF45e4953Bf9602De | | Penalty Destination | 0x927093399edF88A93C65c9b9aC4e4a4b0AcDBEAf | | {% endtab %} | | {% tab title="Arbitrum" %} | Contract | Address | | ------------------------- | ------------------------------------------ | | Magpie <> Wombat MultiSig | 0x5fF002f40975C866657C5325b0B921631D83ddfE | | Magpie MultiSig | 0xf433c2A2D6FACeCDd9Edd7B8cE9cEaaB96F41866 | | Magpie Treasury | 0x6dc8CCF1B731e97834002e6FF45e4953Bf9602De | | Penalty Destination | 0x927093399edF88A93C65c9b9aC4e4a4b0AcDBEAf | | {% endtab %} | | | {% endtabs %} | | # Bridge Bridge MGP # Bridge MGP tokens to Arbitrum Bridge MGP from BNB Chain to Arbitrum MGP token holders now can transfer their assets from BNB Chain to Arbitrum using Wormhole's Portal Bridge. After the successful transfer, MGP can be locked on Magpie using the Arbitrum network to gain rewards, governance power and incentives by voting through the Magpie Voting Market.
In this guide, we will provide you with simple and detailed instructions for each step of the transfer process using Wormhole's Portal Bridge. Before we proceed, we would like to remind you to prioritize your security and take necessary precautions to protect yourself. ### 1. Enter:

Connect & Press "Next"

1\. Select BNB Chain as the “source chain”. 2\. Select Arbitrum as the “target chain”. 3\. Connect your wallet. 4\. Press “Select a token” and pick MGP 5\. Enter the amount of MGP tokens that you want to bridge from BNB Chain to Arbitrum 6\. Press “Next” (“Approve” your tokens transfer, press “Transfer” and wait for confirmation). ### 2. Next:

Press "Recover"

1. Press “Redeem” 2. Select BNB Chain 3. Connect your wallet 4. Press “Recover” ### 3. Redeem your tokens:

Press "Redeem"

1. Click “Redeem” and confirm the transaction in your wallet 2. In order to pay gas fees on Arbitrum, you will need “ 3. Confirm you received WOM tokens in your wallet through the Arbitrum network 4. Congratulations, your tokens are now successfully bridged! # Official Links Official Links * [**Website**](https://www.magpiexyz.io/) * [**Medium**](https://blog.magpiexyz.io) * [**Discord**](https://discord.gg/magpiexyz) * [**Twitter**](https://twitter.com/magpiexyz_io) * [**Telegram**](https://t.me/Official_MagpieMegaDao/101118) # Media Kit Magpie Brand Assets {% hint style="info" %} {% endhint %} # Security Platform Security and funds safety are Magpie's top priority. Check audit reports and bug bounty. # Audit Reports Magpie Audit Reports ### Magpie has been audited by [Peckshield](https://peckshield.com/) and [Zokyo](https://www.zokyo.io/). ### PeckShield Audit Report: Peckshield Report on v1\
Peckshield Report on v1.1 (latest and as deployed)\ ### Zokyo Audit Report: # Immunefi Bug Bounty Bug Bounty program #### Rewards by Threat Level Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2.2. This is a simplified 5-level scale, with separate scales for websites/apps, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported. All Critical Smart Contract bug reports must come with a PoC with an end-effect impacting an asset-in-scope in order to be considered for a reward. Explanations and statements are not accepted as PoC and code is required. In addition, all Critical severity bug reports must come with a suggestion for a fix in order to be considered for a reward. Rewards for critical smart contract vulnerabilities are further capped at 10% of economic damage, with the main consideration being the funds affected in addition to PR and brand considerations, at the discretion of the team. However, there is a minimum reward of USD 50 000 for Critical smart contract bug reports. Rewards for high smart contract vulnerabilities are further capped at 20% of economic damage, with the main consideration being the funds affected in addition to PR and brand considerations, at the discretion of the team. However, there is a minimum reward of USD 5 000 for High smart contract bug reports. Known issues highlighted in the following audit reports are considered out of scope: Payouts are handled by the MagpieXYZ team directly and are denominated in USD. However, payouts are done in USDC and BUSD.
#### Details