Allo Allo, it is Linn with mucho insights into le world of @magpiexyz_io Magpie is a DAO that integrates with protocols with the aim to maximise user engagement and yield generation Oho linn that sounds fancy, can you explain more? Yes, let's have a look at their business model: - Magpie’s innovative business model revolves around SubDAOs - Magpie is the top DAO and within it you will find currently: Wompie (Wombat), Penpie (Pendle), Eigenpie (Eigenlayer), Cakepie (Pancake), Listapie (Lista), Campie (Camelot) and Babypie (Babylon) - Each SubDAO works symbiotically with its parent protocol's veToken by taking tokens from top-tier DeFi platforms which are then “blackholed” (permanently locked) within SubDAOs, reinforcing protocol stability (and removing supply) - This approach generates real yield for both the individual SubDAOs and Magpie’s overarching Mega DAO Is there a Magpie token Linn? Yes, there is MGP, the backbone of the Magpie DAO, serving as both a governance and reward-earning asset Holders can lock MGP into vlMGP on a 1:1 basis, enabling them to: - Earn rewards from Magpie’s SubDAOs - Participate in governance decisions across all SubDAOs and protocols Is that all? Oh no, in December 2024, Binance Alpha (pre-selection pool for potential Binance Exchange listings) featured MGP and CKP (which is the token for Cakepie, which is the Subdao for PancakeSwap) in its fourth batch of tokens Now it's not guaranteed that if tokens are included in Binance Alpha that they will 100% be listed...but it does seem to increase the chances of it, and additionally these tokens receive a huge amount of visibility from the Binance community, adds credibility to the Magpie ecosystem and attracts more users and investors Users should be aware that when depositing tokens into Magpie SubDAOs, these tokens are permanently locked, they'll receive a liquid wrapper, and Magpie aims to keep the peg close, however this is not always possible if demand for the original token outpaces the liquid wrapped token Exclaimer: Linn is an ambassador for the Magpie ecosystem