magpie
First in DeFi

Build Your Credit.
Unlock Better Rates.

The first on-chain credit system for memecoin lending. Every on-time repayment builds your score — and your rewards.

Start building creditHow it works
0
Bronze
300850
How it works

Every loan is a building block.

↗
01
Borrow
Your first loan starts your credit history. Every borrower begins at 500.
✓
02
Repay on time
Each successful repayment boosts your score. Early repayment earns bonus points.
△
03
Level up
Higher scores unlock better LTV ratios, lower fees, and longer loan terms.
◈
04
Build reputation
Your on-chain credit follows you. A portable, verifiable lending reputation.
Score factors

Five factors. One score.

Your Magpie credit score is calculated from five on-chain factors, weighted by their predictive value.

✓
Repayment History
40%
On-time repayments vs late or liquidated positions. The single biggest factor in your score.
◆
Loan Volume
20%
Total SOL borrowed over the lifetime of your account. Larger, completed loans signal reliability.
◷
Account Age
15%
Time since your first loan. Longer history gives the algorithm more data to trust.
⬡
Collateral Diversity
15%
Number of different tokens used as collateral. Diversified borrowers are lower-risk.
⚠
Liquidation History
10%
Fewer liquidations = higher score. Each liquidation weighs against your reputation.
Total weight
100%
All factors combined
Credit tiers

Climb higher. Borrow better.

B
Bronze
Getting Started
Score range
300 – 499
LTV20 – 30%
Fee1.5%
Max term7 days
  • ✓Standard LTV rates
  • ✓1.5% origination fee
  • ✓Standard loan terms
S
Silver
Established
Score range
500 – 649
LTV22 – 32%
Fee1.5%
Max term7 days
  • ✓+2% LTV bonus
  • ✓1.5% origination fee
  • ✓Priority support
Most popular
G
Gold
Trusted
Score range
650 – 749
LTV25 – 35%
Fee1.25%
Max term14 days
  • ✓+5% LTV bonus
  • ✓1.25% reduced fee
  • ✓Extended terms (14 days)
  • ✓Exclusive token access
Elite
P
Platinum
Elite
Score range
750 – 850
LTV28 – 38%
Fee1.0%
Max term30 days
  • ✓+8% LTV bonus
  • ✓1.0% reduced fee
  • ✓Custom terms (30 days)
  • ✓Early access to features
  • ✓Dedicated support
Try it

Score simulator.

See how different actions affect your credit score. Every on-time repayment pushes you toward better rates.

Tap actions to see how they affect your score:
Simulated score
500
Silver
300850
Benefits

What each tier unlocks.

BenefitBronzeSilverGoldPlatinum
Max LTV30%32%35%38%
Fee1.5%1.5%1.25%1.0%
Max Term7 days7 days14 days30 days
Priority Support—✓✓✓
Exclusive Tokens——✓✓
Custom Terms———✓
Questions

Credit FAQ.

01
How do I check my credit score?
Use the /credit command in the Magpie Telegram bot. Your score, tier, and full history are available anytime.
02
Can my score go down?
Yes. Liquidations and late repayments lower your score. The algorithm weighs recent activity more heavily, so consistent on-time repayments can recover a drop.
03
Does my score transfer?
Your score is tied to your Magpie wallet, which you own. Since wallets are non-custodial and exportable, your credit reputation goes wherever your keys go.
04
How fast can I reach Platinum?
It depends on loan frequency and repayment consistency. Most active users reach Gold within 2–3 months. Platinum requires sustained, high-volume activity with zero liquidations.

Start building your
credit today.

Every on-time repayment is a step toward better rates, higher LTV, and exclusive access. Your reputation starts now.

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