# Magpie

> Maximize Your DeFi Yields!

Magpie helps DeFi users maximize yields by providing liquid staking and yield aggregation services across multiple protocols through its SubDAO model.

Magpie helps DeFi users maximize yields through its innovative MegaDAO structure that operates multiple specialized SubDAOs. With it, users can stake assets for enhanced yields, participate in governance across protocols, and access early IDO opportunities. Magpie reduces barriers to veTokenomics participation while distributing revenue from SubDAOs to MGP token holders.

- Type: Protocol
- Sector: Finance
- Status: Active
- Founded: 2022-05-01
- Profile: https://thegrid.id/profiles/magpie

## Products

- [Magpie](https://thegrid.id/profiles/magpie): Magpie is a yield aggregation platform that operates through a MegaDAO structure, managing multiple SubDAOs to enhance yields for liquidity providers and governance token holders across veTokenomics protocols while distributing revenues to MGP lockers. (Yield Aggregator, Live, Main Product)
- [Eigenpie](https://thegrid.id/profiles/magpie): Eigenpie is a liquid restaking platform that enables users to restake ETH and liquid staking tokens through EigenLayer while maintaining liquidity via isolated liquid restaked tokens, earning rewards from both Ethereum staking and EigenLayer validation services. (Liquid Staking, Live)
- [Penpie](https://thegrid.id/profiles/magpie): Penpie is a yield optimization platform that locks governance tokens as veTokens on Pendle Finance to boost yields for liquidity providers while sharing protocol revenues with governance token holders. (Yield Aggregator, Live)
- [Cakepie](https://thegrid.id/profiles/magpie): Cakepie is a yield and veTokenomics service provider that locks CAKE tokens as veCAKE on PancakeSwap to secure enhanced yields and governance power for DeFi users. (Yield Aggregator, Live)
- [Magpie Launchpad](https://thegrid.id/profiles/magpie): Magpie Launchpad facilitates initial token offerings for emerging SubDAOs within the Magpie ecosystem, providing early access opportunities to vlMGP holders through decentralized fundraising. (Launch Pad, Live)

## Assets

- [Magpie Token (MGP)](https://thegrid.id/profiles/magpie): MGP is the governance token of Magpie. It can be locked as vlMGP to earn revenue distributions from all SubDAOs and participate in governance decisions across the ecosystem. The governance power that Magpie Treasury has accumulated from different SubDAOs is distributed and controlled by vlMGP holders, allowing them to influence governance decisions across multiple protocols. (Governance)
- [Eigenpie (EGP)](https://thegrid.id/profiles/magpie): EGP is the governance token of Eigenpie, a liquid restaking protocol built on EigenLayer. It is used to vote on protocol decisions and to earn a share of platform revenue. Eigenpie is a SubDAO created by Magpie that enables users to convert their liquid staked ETH tokens into isolated liquid restaked tokens, allowing each token to retain its specific risk profile rather than pooling exposure across multiple assets. (Governance)
- [Penpie (PNP)](https://thegrid.id/profiles/magpie): PNP is the governance token of Penpie, a yield optimization platform for Pendle Finance built by Magpie. It is used to vote on protocol decisions and earn revenue share from platform fees. Holders lock PNP to receive vlPNP, which grants them a portion of the vePENDLE voting power that Penpie has accumulated, allowing them to direct yield incentives and earn bribes from protocols competing for liquidity. (Governance)
- [Cakepie (CKP)](https://thegrid.id/profiles/magpie): CKP is the governance token of Cakepie, a protocol built by Magpie to optimize PancakeSwap's veCAKE system. It is used to vote on protocol decisions and CAKE emission distribution, and to earn revenue from platform operations. Holders lock CKP as vlCKP to gain voting power, allowing them to influence both Cakepie governance and PancakeSwap emissions while receiving rewards from the protocol's yield optimization services. (Governance)
- [Radpie (RDP)](https://thegrid.id/profiles/magpie): RDP is the governance token of Radpie, a SubDAO within the Magpie ecosystem that serves Radiant Capital users. It is used to vote on protocol decisions and can be locked as vlRDP to earn protocol rewards. Radpie aggregates voting power from liquidity providers and redistributes it to vlRDP holders, allowing them to influence Radiant Capital's governance without directly holding the underlying governance tokens. (Governance)
- [Listapie (LTP)](https://thegrid.id/profiles/magpie): LTP is the governance token of Listapie, a SubDAO within the Magpie ecosystem that enhances Lista DAO's veLISTA framework. It is used to earn platform revenue and participate in governance by locking tokens as vlLTP. Listapie accumulates veLISTA voting power and redistributes it to vlLTP holders, allowing them to influence Lista DAO's governance decisions and the allocation of LISTA token emissions across the ecosystem. (Governance)

## Links

- [Main](https://www.magpiexyz.io)
- [Documentation](https://docs.magpiexyz.io)
- [Governance](https://snapshot.box/#/s:magpiexyz.eth)
- [Forum](https://gov.magpiexyz.io)
- [Blog](https://blog.magpiexyz.io)
- [Media Kit/branding](https://docs.magpiexyz.io/media-kit)
- [Terms of Service](https://docs.magpiexyz.io)
- [Twitter / X](https://x.com/magpiexyz_io)
- [Telegram](https://t.me/Official_MagpieMegaDao)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP