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Magma
Magma is a community-powered liquid staking protocol on Monad. It allows users to stake MON tokens to receive gMON, a liquid staking token, and earn MEV-boosted yields from top validators.
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MagmaDAO
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Description
Magma is a liquid staking protocol built on Monad, allowing users to stake MONAD tokens and receive gMONAD in return, which can be used in DeFi. The platform distributes staking rewards along with extra APY generated from MEV (Maximal Extractable Value) rewards through blockspace auctions. Magma emphasizes community governance within the Monad ecosystem, allowing members to participate in decision-making and protocol direction.Category: Staking
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