Overview
Proposal to enable mwBETH/wBETH 0.02% Stableswap gauge on BNB Chain.
Background
mwBETH is a liquid restaked version of Binance’s wBETH token, developed by Eigenpie. Users have the option to liquid restake their wBETH as mwBETH through Eigenpie, enabling them to access the benefits of restaking and further enhance their passive income potential. mwBETH is fungible, and users will be able to trade mwBETH for wBETH and vice versa via PancakeSwap on the BNB Chain.
With the goal of building robust liquidity for the mwBETH-wBETH pair on BNB Chain, Eigenpie commits to incentivizing the pair through the Cakepie bribery market in the future. Eigenpie plans to distribute incentives to voters who support the pool each epoch, aiming to maintain a competitive APR for mwBETH-wBETH liquidity providers and encouraging long-term participation. As part of the Magpie Ecosystem, Eigenpie 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 5% emission cap
Audits:
Blocksec audit:
PeckSheild audit:
AstraSec
Token Utility: Token Utility: mwBETH (Magpie wBETH) is minted when users restake wBETH through Eigenpie. mwBETH can be utilized in DeFi, allowing users to continue earning the underlying yield from wBETH, as well as restaking rewards from Eigenpie.
Volatility: Not depegged
Oracles: Eigenpie uses an Oracle to track how much underlying ETH each mwBETH contains.
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: New DAO onboarded (TVL, bribes for voters via Cakepie, trading fees, volume, growing LRT ecosystem on PancakeSwap)
Links
Token address: TransparentUpgradeableProxy | Address 0x7dC91cBD6CB5A3E6A95EED713Aa6bF1d987146c8 | BscScan
Liquidity pool address: Pancake StableSwap LPs (Stable-LP) Token Tracker | BscScan
Website: Magpie XYZ
Socials:
X: https://twitter.com/Eigenpiexyz_io
Telegram: Telegram: Contact @eigenpiexyz_official
Documentation: Not live
Github: Not public
Any other relevant links: https://blog.eigenpiexyz.io/