⚖️Governance
Decision-making on the Magpie Ecosystem
Last updated
Decision-making on the Magpie Ecosystem
Last updated
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
Users can join our Governance Forum to suggest changes to Magpie and take part in the discussion with other investors. The General Discussion channel and the Community Ideas 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 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.
Snapshot is an off-chain voting platform that allows DAOs to engage in decision-making processes and participate in decentralized governance.
