Magpie Protocol is a multi-chain DeFi platform focused on yield and veTokenomics aggregation. Its mission is to maximize returns for liquidity providers while abstracting away the complexities of governance token locking and voting. The protocol achieves this by building services on top of other DeFi protocols (known as "subDAOs" like Penpie for Pendle Finance or Radpie for Radiant Capital), allowing users to stake their assets to earn enhanced yields without having to lock their own governance tokens. This model benefits both the users, who get higher returns and liquidity, and the underlying protocols, which receive concentrated voting power and liquidity.

Founded in

United Arab Emirates