🪙mGRAIL
Magpie GRAIL
Last updated
Magpie GRAIL
Last updated
mGRAIL, referred to as "Magpie GRAIL," is a liquid version of xGRAIL created by Campie that allows users to earn rewards for their active participation. GRAIL holders can convert their tokens into mGRAIL on Campie to earn active user engagement rewards from the platform.
Campie takes all the GRAIL tokens it accumulates and locks them on Camelot DEX in order to acquire more xGRAIL. This, in turn, allows Campie to provide boosted APR and other benefits acquired from plugins for its depositors. The process of permanently removing tokens from circulation is known as 'blackholing' and cannot be reversed. mGRAIL holders will have the option to exchange their tokens for GRAIL in secondary markets.
mGRAIL stakers will receive 100% of the active user engagement rewards generated by Campie's xGRAIL holdings within the Dividends Plugin.
Not all xGRAIL holdings from Campie will be allocated to the Dividends Plugin.
