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Magpie

Magpie

Magpie powers seamless swaps across Sonic and 19 EVM chains—low fees, high efficiency, and big moves ahead with cross-chain swaps, boosts & the $FLY pre-sale! Grant is for 16000$ worth of FLY TOKEN

16000 $FLY

Enter Bounty

Deadline: March 26, 2025

About Projectt - https://www.magpiefi.xyz/

Founder/Team -

Ali Raherman - Co-Founder & CEO of Magpie - https://x.com/dr_rahemanAli

Aditya Chatterjee - Marketing & Community - https://x.com/adiixbt
Ikram Ansari - Co-founder & Chief Information Officer - https://x.com/ikramansari101

Gergely Hegyközi- Co-founder & CTO- https://x.com/gergelyhegykozi

About the project 

Magpie is a cross-chain liquidity aggregation and swap protocol, seamlessly integrated within the Sonic ecosystem to optimize trade execution and liquidity efficiency. As the native DeFi infrastructure of Sonic, Magpie enables users to trade Sonic tokens, LSTs/LRTs, and other assets with minimal fees and slippage.

Other than Sonic, Magpie is live on 19 major EVM chains. The platform is now live for token, LST, and LRT swaps, with cross-chain swaps coming soon. Additionally, we will be launching a boost campaign shortly and have an upcoming $FLY pre-sale in the next few weeks.

Funding Information. 

In a competitive landscape where protocols like Enso, LI.FI and 1inch are highly valued, Magpie is primed to capture significant market share by addressing critical pain points and the raise of $5 Million from top-tier investors, including:

  • Jump Crypto
  • ParaFi Capital
  • Republic
  • GSR
  • Big Brain Holdings
  • MH Ventures
  • Arkstream Capital

This strong financial backing validates our approach and positions Magpie as a potential high growth, undervalued player in a market.

Nature of Content to Craft
General Product breakdown, Feature launch-

Magpie is launching their new Boost section(which is a UI with stacked rewards and easy participations)

In these campaigns, we'll be incentivizing (via Magpie Fragments, Magpie Eggs and Partner points) interaction with some of the top Sonic-native protocols by rewarding users for engaging in activities essential to DeFi: buying assets, staking, providing liquidity, and minting assets.

https://app.magpiefi.xyz/boost

Key Narratives

The narrative should focus on Magpie as the core DeFi infrastructure within the Sonic ecosystem, emphasizing its role in enabling seamless swaps, liquidity aggregation, and optimized trade execution.

Key angles to explore:

  • Magpie: The DeFi of Sonic – Highlighting how Magpie integrates deeply with Sonic projects, enhancing the ecosystem’s liquidity and efficiency.
  • Farm multiple airdrops on Sonic from one place: Highlight Magpie as the go-to platform for driving swaps on Sonic, farming Eggs, and earning partner rewards.

Optimized routing– Demonstrating Magpie’s ability to outperform competitors by reducing slippage and maximizing efficiency across 15+ blockchains.

CTA to Focus on
Boost campaign, highlight Magpie role in the Sonic ecosystem.

More on magpie

Magpie is positioning itself as the key DeFi infrastructure within the Sonic ecosystem, aiming to become the go-to protocol for seamless cross-chain swaps and liquidity aggregation. By deeply integrating with Sonic’s projects, Magpie ensures that users can trade, swap, and access liquidity effortlessly within the ecosystem.

Why Magpie is Going Native on Sonic:

  • Optimized for Sonic’s ecosystem – Magpie is building tailored solutions to enhance liquidity and trading efficiency for Sonic-based assets
  • Cross-chain swaps (coming soon) – While Sonic currently supports only on-chain swaps, Magpie is bringing permissionless cross-chain swaps to unlock greater liquidity.
  • Enhanced liquidity aggregation – By leveraging its advanced routing algorithms, Magpie ensures the best trade execution with minimal slippage for Sonic assets.
  • $FLY as a key ecosystem token – Magpie’s native token, $FLY, is designed to incentivize liquidity and power cross-chain transactions within Sonic.

Integrators and Ecosystem Partners 

Magpie is not building in isolation. We’re powering the engine behind 15+ projects and driving an ecosystem of integrations that extend our reach across the DeFi landscape.

  • Magpie Protocol powers 15+ protocols including Socket, Relay, TraderJoe, Spookyswap, and more, with many others in the works, one of which is Nitro/Router Protocol. 
  • Magpie outperforms and provides better price quotes than most other swap aggregators in the DeFi space, beating out linch 98.87% of the time, OpenOcean 97.72%, ParaSwap 89.54%, and Kyber 79.49%. (Based on over 2,000 quotes taken across five major chains, including Ethereum)

    [if the content creator wants, he can compare using screenshots of quotes, as the above report is not public yet]
  • Leading wallets, including Rabby, have already integrated Magpie for swap aggregation, with wallets like OKX and Binance Web3 wallet currently working to integrate us. 
  • These integrations ensure users have secure, efficient, and seamless swaps that offer the best pricing, all at their fingertips.

Magpie currently supports 19 chains, while being an early adopter of chains like Berachain, Ink, and Sonic. Magpie is committed to supporting new and upcoming chains on Day 1 like megaETH, Monad, etc. Additionally, expansions to non-EVM chains like Solana, Eclipse, Sui, and Aptos are coming soon.

Resources
Gitbook: https://docs.magpiefi.xyz/magpie-protocol/magpie-protocol-an-introduction/what-is-magpie-protocol

Medium: https://medium.com/@Magpieprotocol

Website https://www.magpiefi.xyz/about-us