Back to Organizations
Magma Protocol
Magma Protocol is a non-custodial DeFi protocol that enables users to mint and use ioUSD, a stablecoin backed by liquid staking tokens and real-world assets. It provides interest-free collateralized borrowing, staking, stability pool participation, liquidations, and redemptions.
Distributed
Magma Finance
Project Links
Description
Magma Finance is a wallet-connected DeFi application on the IoTeX network. It supports depositing, staking, borrowing ioUSD, and managing liquidations, with referral, documentation, migration, and audit resources. The site states that Magma is in an early testing stage and advises users to participate with only small amounts of funds.Category: Decentralised Borrowing & Lending
TVL: $69K
Chains: