Magma

Built on the Monad blockchain, Magma is a liquid staking protocol that enables users to stake their MON tokens and earn rewards in the form of gMON. This innovative solution allows users to participate in DeFi applications while still maintaining their staked MON tokens, providing a unique value proposition in the cryptocurrency space.

Magma's technology is centered around its high-throughput Distributed Validator and low-latency MEV (Maximal Extractable Value) engine. The protocol's MEV rewards are shared with stakers, boosting their APY (Annual Percentage Yield). This feature sets Magma apart from competitors, as it provides a more efficient and rewarding experience for users. Additionally, the protocol's community-powered approach ensures that decision-making is distributed among stakeholders, promoting long-term alignment with the Monad ecosystem.

Magma's use cases are diverse, with applications in DeFi lending, staking, and liquidity provision. Users can earn Magma Points by staking gMON, holding NFTs, providing liquidity, or participating in community activities. These points can be redeemed for rewards, such as increased APY or exclusive access to DeFi opportunities. The protocol's unique approach to liquid staking has attracted a growing user base, with over 70 million MONTVL (TVL) locked in the protocol.

Magma's development team is committed to ongoing innovation and improvement. The protocol's community-driven approach ensures that users have a voice in decision-making, promoting long-term sustainability and growth. With a strong focus on collaboration and community engagement, Magma is well-positioned to become a leading player in the liquid staking space.

As of November 2025, Magma has seen significant adoption metrics, with over 70 million MONTVL locked in the protocol. The protocol's user base continues to grow, driven by its innovative approach to liquid staking and community engagement. With a strong roadmap in place, Magma is poised to make a lasting impact on the cryptocurrency landscape.