💲Rewards for Active user engagement

WOM Rewards Distribution

Passive Income Source: veWOM

Magpie generates income from its accumulated veWOM. The Yield-Boosting Mechanism of veWOM allows liquidity providers on Magpie to earn enhanced WOM rewards. This means that once users deposit their assets on Magpie, they start earning increased yield without having to lock any veWOM within Wombat Exchange by themselves. In turn, Magpie charges a performance fee from the boosted yield and distributes it among users on our platform.

Here is the distribution of Magpie's earnings from Wombat Exchange:

  • 80% to Liquidity Providers.

  • 12% to mWOM Stakers.

  • 8% to vlMGP Holders.

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