Magpie Capital is a permission-less lending protocol on Solana. The protocol allows users to deposit memecoin or tokenized-stock collateral and borrow SOL against it, with on-chain liquidation enforcement when collateral value falls below the loan threshold.
The protocol includes an on-chain credit oracle that tracks wallet repayment history and adjusts loan-to-value caps, fees, and durations based on demonstrated borrower behavior. Borrowers with positive repayment history can access higher LTV caps and longer durations than first-time borrowers.
The $MAGPIE token is the protocol's reward asset. Ten percent of every loan fee is distributed in SOL to $MAGPIE holders on a randomized five-to-ten-day cadence. Distributions occur as direct transfers to holder wallets and require no claim transaction. Tokens deposited as collateral within the protocol remain eligible for distributions.
A paid agent API built on the x402 standard allows automated systems and AI agents to query protocol data and submit transactions without API keys.
$MAGPIE launched on pump.fun in March 2026 with one hundred percent of supply allocated to the bonding curve. There was no team allocation, presale, or vesting schedule. The mint authority and freeze authority were revoked at graduation.
As of mid-2026, the protocol has originated more than 450 loans across over 2,700 unique wallet addresses, with a lifetime liquidation rate below 1.5 percent. Live protocol statistics are published at magpie.capital/api/v1/stats.
The protocol is operated by an anonymous founder. All code is open-source at github.com/magpiecapital. Any wallet can interact with the contract without identification or whitelisting.
Where is Magpie available for purchase?
You can exchange MAGPIE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Magpie is PumpSwap, notably the MAGPIE/SOL pair, which saw a trading volume of $ 53,433 in the past day. Additionally, Meteora is popular alternative for trading tokens.
What is the highest value Magpie (MAGPIE) has ever reached?
Magpie (MAGPIE) reached its peak price at 0.0017 $ on 07 June 2026, approximately a month ago ago. Presently, the current price is -91.04% lower than this all-time high.
What is the historical minimum price for Magpie (MAGPIE)?
The minimum price reached for Magpie (MAGPIE) was 0.0001252 $, documented on 13 July 2026, more than a day ago. In comparison, the current price is 21.51%, it above this historical low.
What is the fully diluted valuation of Magpie (MAGPIE)?
The fully diluted valuation (FDV) of Magpie (MAGPIE) stands at $ 271,603. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 MAGPIE tokens. The realization of this FDV might take several years depending on the emission schedule of MAGPIE tokens.