7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| PumpSwap | MAGPIE/SO1111…11112 | $33.98K | 0.61% |
| TRADE |
| Meteora | MAGPIE/SO1111…11112 | $130.37 | 1.45% | — |
Top 2 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
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.
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