# Magma

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Magma is a Liquid Staking Protocol on Monad. Magma's staking pool allows users to stake their Monad tokens in exchange for liquid staked Monad tokens (gMON). \
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Magma is built on [Monad](https://www.monad.xyz/), which is the fastest, cheapest, and most censorship resistant EVM L1.&#x20;

Magma is operated as a decentralized protocol, prioritizing community involvement and fostering a more socially-conscious decision-making process.

### Liquid Staking

Magma allows Monad token holders to generate staking rewards while remaining liquid. When users stake Monad tokens to participate in Monad's DPOS consensus, they receive liquid staked tokens (gMON) and staking rewards that represent their staked Monad.

gMON holders will be able to tap into the liquidity of their MONAD tokens, and use gMON for DeFi activities on Monad. gMON can be used as collateral across dAPPS within the Monad ecosystem to buy, sell, trade, provide liquidity, lend and borrow. gMON is a fully collateralized asset backed 1:1 and redeemable for MONAD.

### gVaults

Magma operates the first and only fully developed staking vaults system on Monad, and the first staking vaults deployed in production apart from Lido V3. This unique architecture, designed from the group up for Monad, offer numerous risk isolation and regulatory compliance benefits for institutional users.&#x20;

### MEV

Magma's gMON LST features MEV-boosted yield powered by the fastest block engine in crypto. Our block engine provide block simulation and revert protection, ensuring maximum profitability for both validators, searchers and gMON holders. Our block engine speed means that searchers can optimize their arbitrage strategies in the small time window allotted per slot on Monad.&#x20;