# Enable MGP/WETH V2 gauge on Arbitrum

**URL:** <https://forum.pancakeswap.finance/t/enable-mgp-weth-v2-gauge-on-arbitrum/501>\
**Category:** Gauges\
**Created:** [March 21, 2024, 6:28pm UTC](https://forum.pancakeswap.finance/t/enable-mgp-weth-v2-gauge-on-arbitrum/501 "2024-03-21T18:28:54Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Cakepie](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.pancakeswap.finance/cakepie/32/32_2.png) [@Cakepie](https://forum.pancakeswap.finance/u/Cakepie)\
**Post date:** [March 21, 2024, 6:28pm UTC](https://forum.pancakeswap.finance/t/enable-mgp-weth-v2-gauge-on-arbitrum/501/1 "2024-03-21T18:28:54Z")

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## Overview

Proposal to enable MGP/WETH V2 gauge on Arbitrum

## Background

MGP is the governance and revenue-sharing token of Magpie. MGP provides users with the opportunity to participate in the platform’s decision making while earning passive income derived from all SubDAOs within the Magpie ecosystem at the same time.

Aligned with our goal of building robust liquidity for the MGP-WETH pair on Arbitrum, Magpie is committed to incentivizing the pair through the Cakepie bribery market. We plan to distribute incentives to voters each epoch, aiming to maintain a competitive APR for MGP-WETH liquidity providers and encouraging long-term participation. Magpie looks forward to leveraging the services provided by PancakeSwap and Cakepie, promoting sustainable growth for all parties involved.

## Details

Boost Multiplier and Emission Cap %: 1.00x boost multiplier and 1% emission cap

## Audits:

Peckshield Report on v1

> **[PeckShield-Audit-Report-Magpie-v1.0.pdf](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.0.pdf)**

Peckshield Report on v1.1

> **[PeckShield-Audit-Report-Magpie-v1.1.pdf](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.1.pdf)**

Zokyo Audit Report:

> **[Magpie\_Zokyo%20audit%20report.pdf](https://github.com/zokyo-sec/audit-reports/blob/main/Magpie/Magpie_Zokyo%20audit%20report.pdf)**

Token Utility: MGP can be used within Magpie to earn revenue share from the Magpie ecosystem and participate in voting processes from Magpie.

Volatility: Not a pegged asset

Oracles: No oracles used

Control: The private keys to the contract are controlled by the following 3/6 multisig 0xf433c2A2D6FACeCDd9Edd7B8cE9cEaaB96F41866, where transactions require validation from 3 out of 6 signers.

Merit: TVL, bribes for voters via Cakepie, trading fees, volume

## Links

Token address:

> **[Magpie Token (MGP) | ERC-20 | Address: 0xa61f7424...1fafa22a3 | Arbitrum One](https://arbiscan.io/token/0xa61f74247455a40b01b0559ff6274441fafa22a3)**
>
> Token Rep: Neutral | Price: $0.0152 | Onchain Market Cap: $1,869,953.95 | Holders: 1,816 | As at Nov-26-2025 02:39:28 PM (UTC)

Liquidity pool address: [ERC-20 Token | Address: 0x4e910e36...3fe480803 | Arbitrum One](https://arbiscan.io/token/0x4e910e367c2dbf42cdb8d6b041033793fe480803)

Website: [Magpie XYZ](https://www.magpiexyz.io/stake)

## Socials:

X: [https://twitter.com/magpiexyz\_io](https://twitter.com/magpiexyz_io)

Telegram: [Telegram: View @magpiexyz\_official](https://t.me/magpiexyz_official)

Documentation: [https://docs.magpiexyz.io/](https://docs.magpiexyz.io/)

Github: [magpiexyz · GitHub](https://github.com/magpiexyz)

Any other relevant links: [https://blog.magpiexyz.io/](https://blog.magpiexyz.io/)

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<div class="post-metadata">

**Author:** ![ChefLava](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.pancakeswap.finance/cheflava/32/19_2.png) [@ChefLava](https://forum.pancakeswap.finance/u/ChefLava)\
**Post date:** [March 25, 2024, 3:29am UTC](https://forum.pancakeswap.finance/t/enable-mgp-weth-v2-gauge-on-arbitrum/501/2 "2024-03-25T03:29:10Z")

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Hi @Cakepie,

Thanks for reaching out. We’ll process your gauge application and update in our TG group shortly.

Lava