Hey guys, what's going on? Happy Friday or yeah Friday evening, whatever wherever you guys at. Today we got a very special guest in the house, very special AMA. We got Magpie in the building. We got Lou from their team.
that to you. We're also doing a hundred dollar excuse me a hundred dollar USDT give away how it's going to work will basically you know after we go through the AMA will open it up for the you know listeners will
pick five and whoever those five are, we will distribute rewards. So it is Friday today. So I mean, please expect the rewards to come sometime next week. But once, you know, we pick the five,
We will DM you guys for the address just respond with your address will do be me a BP 20 so Awesome no Lou you ready? Yeah, let's get it so
No, so I mean obviously we got looming the in the house tell us a little bit more about you know yourself And I mean if you want just you know a brief history of magpie and inspiration behind creating it. Yeah, thanks for having us today
I'm from MacPighting. I'm an industrial 28 years old industrial engineer and currently I have three years plus experience in the five space on different platforms and different positions like community
managers, marketing stuff, etc. And currently I'm joining here as a pioneer on my team. I think most of the users are joining our previous AMA sessions. I saw many faces with this
similar, I've been in similar phases with previous AMAs. I think I can continue with the previous background of MacPie. I'm sure many of you just heard about the live MacPie and MacPie is a yield booster platform built originally
build on top of the form but exchange on the MB chain, then we integrated to RB Trume alongside with the form but exchange to service as a year's posting platform on RB Trume as well. And users can maximize their capital on
make pie with the posting stable coins or LST tokens on make pie. And I can't just summarize it and we can summarize it as like that. Then we can move on to the questions and we can mention about the whole picture about the make pie detail.
Also, I think in a summary, like, MekPai was great to help users in the vice-space to get most of the investments as navigating the world of decentralized finance can be quite challenging.
the team behind McPi recognized the issues people encounter when trying to optimize their investments, as well as the importance of governance in the future. As a result, we created McPi a platform design to simplify and enhance the experience for users.
for DeFi users, especially. With MiPi users can enjoy improved accessibility and truly appealing opportunities like year boosting, governance on different platforms and making their DeFi journey much more enjoyable and lucrative.
And I think this replies your first question.
Oh my bad, I was on mute. Yeah, no, so what for those, you know, that don't know what is magpie.
I was waiting for you to ask questions. I was on mute, my bad. I love problems. MacPie is a, as I mentioned in the beginning of this AMA, MacPie is a multi-chain year boosting platform that operates on BNB chain and RB-Troom while being
integrated with Wombat Exchange. Also, I need to mention about Wombat to explain McPy truly. Wombat is a stable swap platform that employs the VE-Tokenomics model for its governance token. Womb and it
allows users to trade stable coins and pack assets at the best positive rate, the best possible rate. By leveraging one but VE tokenomics structure, makePite enhances accessibility and creates more lucrative opportunities for users to participate in DFI. Also,
We recently announced that MECPI will be fully deployed on Ethereum to continue expanding services for a greater number of users. This expansion reinforces MECPI's commitment to providing a versatile and inclusive platform for the DeFi ecosystem.
system, ensuring that users have access to the most of competitive rates and opportunities across multiple blockchains. That would, no, great. I think that was a great summary of what Magpie and Wombat are.
So what you know always going through your guys is you know documents and whatnot One of the you know features that you guys have integrated on the magpie is V tokenomics Yeah, what you know what what is V tokenomics? Yeah, actually V tokenomics is actually like VE token model for
is originally launched by a carofindance, but let me summarize it for you. The tokenomics is a tokenomic model used in the five platforms to help keep tokens values table and three world long-term supporters. In this model,
Users use time-locked tokens, which encourage users to hold their tokens longer. The eTokenEmics can also offer extra benefits like voting rights to keep users engaged with the project. Vomitech change uses this model for its Vom governance token by locking one
as we even on one bad users can get voting rights and take part in decision making while also boosting their warm emissions as liquidity providers like on one bad exchange users lack warm tokens for V1 and in this way they get most tapia for their deposits
on Womart Exchange also they can join the Brab Market on Womart and they can get real yields and Brab rewards that is provided by the listed projects on Womart Exchange and I think this can summarize the economics. That was no great
Great explanation. I think it was very straight to the point. In terms of just the correlation between Magpie and Wombat, how does Magpie support Wombat exchange? Yeah, actually, Magpie is one of the
big players on one-but ecosystem and like MacPyworks in a close collaboration with one-but exchange, MacPy provides one-but users with flexible options while simultaneously and think one-but's main
functionality of lacking warm tokens. MacPice commitment to lack warm tokens as we want on warm-buttic change, efforts users to governance rights and an increased share of warm emissions on our platform. This strategy reduces the circulating supply of warm
allowing MAPI to offer its users and hence benefits within the decentralized finance landscape. Like originally on Womva Techchange, if you don't have any stablecoins by lacking only Womptokens, you can get only like RIPWords and it's not enough for many users.
Also, for the users who have stable coins but who don't want to have or lack volatile assets on long bat, they can get only like base API on one more exchange. But MacPie gathers all of these beneficial
official opportunities for the users and users who have stable coins can deposit on MagPie and get boosted APR thanks to MagPie's VWomTradery. Also, users who have WomTocons can convert it on MagPie to MWOM and in this way they can get
which APR like more than 100 and up to like 2,800 APR. And in this way they can get which retours with their warm holding and also this provides warm-up exchange huge opportunity
to reduce their surplating supply because every conversion action on MegPy means like lacking new one tokens for four years and in this way the surplating supply of one token reduces and the value appreciation follows it. And I think this summarized this question.
Absolutely. So how can Magpie benefit warm holders and warm back at the same time? Yeah, actually I mentioned like some part of this question in the previous question, but Magpie has introduced a
as I mentioned in previous question, a variant of one token that allows user's passive income more effectively. Users can convert their one tokens into a one on Megpie, while the converted one tokens are automatically locked on one but by Megpie, which
In turn accumulates V1. Make by enables one holder to enjoy boosted one rewards through M1. Users can stake their M1 tokens to obtain a portion of the protocol's revenue and earn MGP tokens and rewards. Additionally,
and one holder can enhance their benefits on the one-butt platform by participating as a monthly, and liquidity providers in MagPy's boosted pools.
you guys have the MGP token tell us a little bit more about the MGP token how it integrates within the whole magpie ecosystem etc. Yeah, like in short, MGP opens every lock or magpie
system. But let me open up this statement a little bit. Like MGP functions as both the governance and revenue sharing token for MagPy. Users can lock the MGP tokens on the platform to obtain what locked MGP.
grants them access to governance benefits and a share of revenue. What like the MGP holders can participate in the governance of what make pie and what make pies we want treasury. Also, users have the opportunity to
capitalized on their waterlocked MGP, watering power by participating in the MegPie bribe market. By allocating their water, those who have lack state MGP tokens can receive incentives from ecosystem partners associated with MegPie and Wombat.
Perfect. That's what's up. In terms of I was also reading a little bit about the bribery market. You know, tell us about that. I don't think I've ever heard of anything like that. What's the Magpie bribery market? Yeah, yeah. Actually, this is one of the main
resources that WOTLAC/MGP holders benefit on MacPie and this is one of the real years resource for WOTLAC/MGP holders. But in long, the bread market is a feature within the platform that allows WOTLAC
MGP token holders to capitalize on their voting power by influencing the distribution of warm emissions across various liquidity pools on warm-bath voting gauge. But let me explain it in this way. Like warm-bath has allocated 50% of its warm-bath
emissions to a bribe market and the V1 holders on Wombat can vote on these pools and every pool gets the bomb emissions according to their weights on the voting cages and bribe market.
Currently, over a make-pie has 30% of overall V1 supply, both on RVTrue and BNMeeChain. And we allow our MGP token lockers like WOTLAC/MGP holders to vote on these pools.
and decide which wage should be what are we want Treasury and to influence the one-butt spread market. Through voting, we want token holders can affect a high share of the one-blockations.
to different pools with the pools receiving more votes attracting high APR percentages and liquidity providers. Since make-pies make-pies holds a huge part of V1 treasury, it has access to voting gauge and enabling
enabling WOTLAC MGP holders to utilize the MAKPI BIB market to cast WOTS and direct MAKPIs via WOTING Power on WOMBUS WOTING Gauge. This system offers WOTLAC MGP holders to operate in generate content.
Consistent income by renting out tables on support differently, could it be pools and receiving incentives from one-butt partners in return. Users can acquire what lacked MGP by lacking their MGP tokens on MAKPY platform towards.
That's what's up. Tell us a little bit more about the integration of Magpie and Pendle Finance. Yeah, actually this is a huge update for us because currently we will only depend on one but exchange but with Pendle we will reach huge users
base on Ethereum, on RB2 as well. The integration between MECPI and PANDAL Finance is a valuable opportunity for both platforms and the DEF-DFA ecosystem. As we continue to develop MECPI's yield and VE tokenomics boosting services,
Our partnership with PANDAL Finance is an ideal match as PANDAL Finance uses the VE Tokenomics model for its governance token. PANDAL. Our collaboration has resulted in the creation of PEMPAI, which is a new service from MECPIT.
that designed by MECPI to support the growth of PENDLE finance and its ecosystem in Ethereum and Arbitroup. By integrating PEMPI into PENDLE finance, MECPI expense is rich and it proved benefits provided to more defy users.
That's what's up and how does pen pie support a Pendo pendle finance? Yeah, yeah, actually it's similar to like make-pie and Wombat relationship, but let me explain it in a correct way like pen pie is a
The product aims to enhance the benefits provided by Pendle Finance while offering greater flexibility to users. With Pempie, Pendle holders can earn more rewards, liquidity providers can access higher APR returns, and voters can have cost-affective
water power. Users can convert airpendals into the M-pendle on PEMPY to receive an improved revenue share in the form of Pendletalkins. The converted Pendle is automatically locked as VE Pendle within
PANDAL FINALS, increasing the APR return for the posters on PEMPAI. PEMPAI's VE PANDAL holdings enable liquidity provider's to earn greater PANDAL like as boost APR. Revolts without needing to lock their PANDAL token as
to get the E-Pandle. The voting power accumulated by PEMPY through its VE PANDLE holding is distributed among vote-lagged PMP holders who can participate in PANDLE finance governance in a cost-effective
manner. PMP, this is the governance token of PMPI, it can be locked as "WOTLACED PMP" to access its benefits. WOTLACED PMP holders can influence PENDLE Finance Governance effectively and earn a revenue share and maximize
Yeah, yeah, actually, MAPI is dedicated to supporting Wombat exchange, moving forward. As MAPI holds approximately like, as I mentioned previously, like 30% of total VWM treasury. Our aim is to consistently offer Wombat users to opportunity
to gain increased benefits with the assets while reducing the circulating supply of warm token. We are committed to this objective and as well as the developing make-pile and its features such as a penpie to provide enhanced benefits for users of other
ecosystems like PANDEL finance. We are interested about our progress and fully focused on offering the best benefits for users. Like the main purpose of a like if the boosting platform is to win the bomb. For example, for us it's warm wars and also it will
be like Pendle Wars in the coming days and this will be our main focus for 2023 and we will have like many updates in the coming days and I hope users can join our social channels and follow us.
about all of this. That's what's up. So yeah, go follow Magpie on Twitter. It's at Magpie XYZ underscore IO for more details and more updates on, you know, on what they have going on moving forward. So now
We'll open it up to the community where I'm gonna pick five you know people to go ahead and ask Lou or Magpie any questions that you might have and remember Once we pick you guys I'll also like write it on my end that way
We can send you guys the we can reach out after the call so So we'll get it started. Let me see first person that I see requesting Well, that spot
Hey Spot what's going on man? Yeah, hello, am I audio? You're very clear loud and clear. What's your question man? All right. Thank you for bringing me up to ask my question. So my question is I want to know the
So you plan to address issues of front running and other market manipulation in your platform? Sorry actually I didn't get the question.
Can you repeat the question with other words please? I didn't understand what you mean. Do you got me? Can you repeat your question spot? All right. My question is do your platform plan to address the issue of front running and other types of my
I get the question, but I don't know how to reply this question. Currently, the market manipulation parts, if it is affecting the stable coin parts,
that's for example like USD/USDT, then it will affect us for sure because like every manipulation it affects the price of stablecoins or more mortgage change and it will change the coverage ratio of the pools and it will affect the like
with the global process on the M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/M/#
real options on one-mode exchange for example the like coverage ratio limits on one-mode exchange if it is go too high above then the pull some of the pulls will be turned off for the swaps but actually we can't decide this kind of updates but
But once one might enable discoverance for only splatform, then we can give some suggestions on this way. But I don't know, like the real answer for this question to be honest.
Appreciate the questions, but we'll reach out for your BP 20 address. So stay tuned for that throughout the day. All right, so we
Let's see who else we can get up here. So I see a Famous OBI so I'll get them on here
Hey famous what's going on man what's your question? Hello Kiam. Hello. You can hear you what's your question? Okay so my question is I just want to know more about like what
What are the innovations that Markpai is actually looking to actually implement in the turning tree? Just actually for for example, let me like mention about like our previous updates in compared to our
like we launched our smart converter, it's like much more earlier than our competitors and it was a huge innovative process for the converting of mom tokens to mom tokens and it was so good to
keep the M1 to 1 pack in high level. And this was the first innovation in a way to way that we launched. Also our warm-up campaigns could be much more innovative for users to convert them.
Because as a yield boosting platform, we highly depend on the platform that we are building on top of it. Like for example, Wombat Exchange. And if they launch a new pool, then we will launch these as well. But the main innovation part comes to us as like smart
converter part or to act as much as warm or in the coming days as possible. And like smart converter is the main one of the greatest achievements for us. I think it will be, there will be,
new updates for us as well in the coming days for the Pendle Rush, Pendle integration as well. But I think it's better to wait and see, because I can't give such details about these kind of questions.
Thanks, famous for the question, man. We'll hit you up after the call for your address. All right.
Appreciate it man. All right, let's keep it moving so we will get Let's see who we got we got Ted so let's add Ted
Hey Ted what's going on? What's your question?
Tad, can you hear me? I can hear you. I'm out of the room. Yep, you're good. All right. Thank you for the opportunity. My question to my dear others, want to know like do you have like a bastard program running currently that we can apply for? Actually,
We had like ambassador program previously and we have like different types of community For the local communities like Turkish group Chinese group Spanish on Russian as well, but currently we don't have any program as like that because currently we accompany
And also, for example, our DEP supports 10 different languages. And also we have multiple local communities as well.
Also you may apply for it, maybe in the coming days we can consider about acquiring new talents to my team. And I think it's a reply to your question. All right, thank you very much for the request. Thank you.
Thank you, Ted. We'll reach out for your address. We got two more. So let me see who we got. We got iconic in the building. So let's get him up here on here.
iconic what's going on man what's your question yeah so actually I see that we can purchase insurgents on Mac by Blackpunk so you know
to us about how it works and is this influence will be covered 100% of my asset on my paper. Yeah, yeah, that's a good question. Thanks for your question again, Iconic. Like in a few months ago, we
partner with insurer team to cover to give an access to insurance on MagPy like users can go to insurer's site and can buy an insurance today or deposits on MagPy like they can choose
they are like way of insurance and they can apply for the like they can pay some of the insurance fee and they can get insurance and cover for some of their deposits on the make-piped thanks to partnership with insurance.
Thank you. Thank you. Appreciate that iconic. We will, yeah, we'll hit you up for your address. I'm just making sure all you guys have your messages open. So
Awesome. So let's get one more person on here and we will get, let me see aim high.
Hey, Aime, hi, what's going on, man? What's your question? Hello. I just want to know, can you tell us about your milestones? The milestones you have achieved so far. And the milestones for the current year will come.
No, actually we mentioned about the end aimization, but let me reply it as like that. The first milestone can be smart converted for us. It's actually the first milestone is being selected
it by one but exchange and then we reshot like second by holding V1 treasury. Also then we launched successfully on RB2 and we get a huge amount of V1 treasury on
RB-3 as well and currently we surround like 20 million tvl on more chains like in total also the like PANDEL integration can be the next milestone for us because like a PANDEL is a huge ecosystem
and a very innovative project. And also like our besides RB2M and BNB chain integrations, Ethereum like integration will be a huge milestone for us because like we know that the giants of DeFi users are
using itary blockchain and it will be huge success for us to get their attention and get TBL for our own panel with the PEMPI and it can be like main milestone for us on 2023.
Thanks for your question again guys, I think we accomplish all our five questions Awesome, Amy. Hi. We'll we'll get you we'll hit you up through through DM so you can send your BP 20 address That's it. So I want to thank magpie Lou for joining
And it was a great day. It was a pleasure to join you guys in here.
and thanks for all of the community members that is joined and asked questions for us. And please don't forget to join our social channels and follow us on Twitter and also you can ask your question directly on Telegram Discord and Twitter as well. And have a nice weekend guys.
All right guys have a great weekend again before I let you guys go the winners just give us it's the weekend so just give us until mid next week and we'll get you know those those you know rewards and so we'll contact you make an announcement like before
the closing the aimation. It will be like too short. As we mentioned guys, we integrated to PANDAL ecosystem and PANDAL rash is ahead of us and it's launched currently and like 2% of total supply of PMP token is allocated for the PANDAL rash program and
If you guys like interest in this kind of activities, it will be a huge opportunity to learn like QJPR on PMD, focus by converting your Pendle tokens into M Pendle. And don't forget to check it out.
Awesome guys, we will see you on the next one have a great weekend and yeah talk soon bye bye