Magma

Magma is a community-owned Liquid Staking Protocol on Monad, designed for equitable token distribution via our Points Programs and the with MEV-boosted yield powered by the fastest block engine in crypto. Magma's staking pool allows users to stake their Monad tokens in exchange for liquid staked Monad tokens (gMON). Magma is built on Monad, which is the fastest, cheapest, and most censorship resistant EVM L1.

Community focus

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.

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.

DV

Magma is building the first Distributed Validator outside of the Ethereum ecosystem. Distributed Validator Technology (DV) was pioneered within the Ethereum ecosystem, offering numerous benefits to users and stakers, including: removing barriers to entry of running a node from home, increasing decentralization of the network, and reducing the risk of slashing due to liveness faults and other criteria. DV is important for Magma because of the reduced slashing risk, making staking safer. It is also important for the decentralization of Magma, so that individual operators have less power to influence the protocol. Furthermore, DV contributes to the decentralization of the Monad blockchain itself.