ve(3,3) is the foundational model of DeFi that rewards the community.

But there is an inherent flaw to it.

While the LPs are rewarded for their participation, traders are not.

Magpie wants to solve this with its unique tokenmics model of FLY.👇

➣ FLY redefines ve(3,3) to prioritize traders, not just LPs. It's built for an execution-focused DeFi ecosystem.

➣ Personally, I love this model because I'm more of a trader than an LP provider, and I would like to be incentivized for the volume I generate.

➣ $FLY is a part of @SonicEcosystem and recently raised $1.6 million+ on @FjordFoundry.

➣ Instead of rewarding idle liquidity, emissions target active traders to reduce slippage, fees, and boost execution efficiency.

▪️xFLY: Lock FLY for governance rights, bribe rewards, fee subsidies, and boosted earnings based on trading activity. Exit via vesting (no burn) or instant (50% burn).

▪️FLY33: A passive, liquid alternative with auto-compounding rewards and algorithmic voting—ideal for holders.

▪️FLYwheel Loop: Traders earn xFLY → vote on incentives → boost volume → earn more rewards → repeat. A sustainable, demand-driven cycle.

▪️TGE Circulating Supply: ~16M of 100M total supply

What is @magpieprotocol's vision for FLY?

FLY aligns incentives between traders, voters, and protocols—making Magpie the most capital-efficient routing and execution engine in DeFi.