what's Magma?
Magma is a liquid staking protocol built specifically for the Monad blockchain, enabling users to stake their native $MON tokens while maintaining liquidity through the issuance of $gMON, a liquid staking token (LST). This allows stakers to participate in network security without locking their assets, instead using $gMON in various DeFi applications such as lending, borrowing, and swaps across the Monad ecosystem. The protocol emphasizes community-oriented growth and integrates advanced features like MEV (Maximum Extractable Value) optimization through a low-latency MEV client that reduces intermediaries between searchers and validators, potentially boosting yields for $gMON holders. Magma has partnered with projects like Curvance for collateral usage, Castora for prediction markets, and others to expand $gMON's utility, fostering a robust DeFi infrastructure on Monad. Founded with a focus on Monad's high-performance EVM-compatible layer-1, Magma aims to be a foundational staking solution from mainnet launch, supporting seamless integration and yield generation in a scalable environment.
Magma's liquid staking TVL reached $1.3M at 14% APY, ranking 3rd, with gMON/wMON offering high multipliers.
累积交易量超过160亿美元 (cumulative volume surpassed $16 billion)
Binance Alpha lists MAGMA on December 16 as the first platform to feature the token, with eligible users able to claim airdrops using Binance Alpha Points once trading opens.
Raises $6 million in funding round.
Magma's liquid staking TVL reaches $1.3M with 14% APY offered, ranking 3rd among Monad LST protocols behind FastLane's $12.2M and Kintsu's $1.38M.
gMON/wMON market goes live on Curvance offering the highest Magma point multiplier on Monad and dual ecosystem rewards through Curvance Milestone Boost program that distributes additional Bytes as the market grows.
Magma launches permissionless real-time oracle feeds on Monad mainnet covering 60+ trading pairs across major assets, stablecoins, DeFi tokens, and liquid staking tokens including gMON/USD.
Mainnet staking goes live on Monad with four security audits completed by Cantina, Halborn, Zellic, and Zenith, and early liquidity forming for gMON.
Magma ranks 3rd among Monad liquid staking protocols with 7.88M MON (~$358K) in TVL, trailing FastLane's 105M MON and Kintsu's 24.5M MON.
User testing on Monad mainnet reveals Magma charges 0.1% unstake fee for liquid staking and features the cleanest interface among competing protocols with clear unstake time information.
Security audit completed for the vault and order system, covering strategy execution via ERC-6909 and signature-based authorization.
Coinbase token sale closes at $187.5 million with 1.4x oversubscription, representing the first U.S. retail crypto offering since 2018.
Chronicle Oracles launches on Monad mainnet including $gMON price feed integration.
Staking launches on Monad mainnet following completion of MON token sale.
Raised $3.9M in seed funding from Animoca Ventures, CMS Holdings, Maelstrom (Arthur Hayes), Veil VC, and RockTree Capital.
Integration with Curvance enables gMON holders to borrow, lend, and loop against their liquid staking positions while continuing to earn staking rewards and Bytes.
The shared LST token across all gVaults validators is $gMON.
gVaults launches on Monad with whitelisted validators Pathrock, Stakely, and BlockVision, enabling staking with validator choice while maintaining a single fungible gMON token across all validators with each capped at 0.25% of protocol TVL.
V2 introduces gVaults allowing validator-specific staking exposure while maintaining LST composability, with partnerships from top-tier validators including ChorusOne, P2Pvalidator, Everstake, Chainlayer, and Blockscape.
First staking vaults on Monad go live, allowing immediate yield generation on MON tokens.
MagmaStaking is listed as one of the staking dApps for the upcoming Monad mainnet launch.
SCALEs NFT collection is currently live on Monad testnet with whitelist requirements for participation.
Security review of core ALMM contracts has been completed, marking a key development milestone for the concentrated-liquidity AMM protocol.
Monad TGE is approaching and the protocol implements a 100% buyback and burn model where all product fees go to buybacks rather than treasury, with minimal VC backing in favor of community focus.
Protocol implements 100% token buyback and burn model while prioritizing community-based token distribution over VC funding.
MEV dashboard launches on Monad testnet, expanding protocol capabilities.
New Pendle integration enables leveraged staking points earning on YT-gMON tokens
Top staking protocol powers 27+ dApps and announces new Scale NFT collection with staking-integrated reward mechanics.
Achieves status as largest liquid staking token on Monad network.
Deal-or-no-deal style wagering game debuts with testnet $gMON tokens and ROAR NFT rewards, powered by PythNetwork's verifiable randomness.
New betting game launches using $gMON token with PythNetwork integration, featuring vault-based gameplay and banker interactions.
Protocol implements 100% allocation of staking fee revenue to token buybacks and burns.
ROARRR NFT collection launches with 3,000 NFTs at 10 MON each and 300 VIP SCALES at 100 MON each.
NFT mint launching July 8th 12PM UTC on Magic Eden with 3,000 NFTs at 10 MON each and 300 VIP NFTs at 100 MON each; includes tiered staking rewards system and free mint for Komodo Dragon holders.
Implements AI-native infrastructure powered by Aethir's enterprise GPUs.
ROARRR NFTs mint launching July 8, introducing points-based staking tiers with mainnet utility.
Launch on Cosmos chain fails with near-zero genuine user adoption beyond core team members, while concerns surface about $1M payment for minimal work.
New RedStone partnership enables custom oracles and native speed optimization, supporting 1,250+ assets with $8B+ secured.
Protocol announces DVT implementation and MEV capture features for enhanced staking capabilities.
Active yield farming strategy enables users to loop gMON tokens through staking and lending on Kinza or Nostra for multiple reward streams.
Liquid staking token gains 28% market dominance as 27+ protocols integrate and stake 1.4M MON.
Protocol shows significant traction with 1.5M $gMON staked, 2.8M holders, and 27+ DeFi partners providing yield farming opportunities.
Ecosystem adoption reaches 27+ projects actively seeding pools, positioning protocol as Monad's coordination layer.
Protocol secures 27 partnerships including LFJ and Obol Collective, with partners actively seeding liquidity pools for $gMON trading.
Selected as finalist for Sui Pitch Day, competing for VC funding alongside 11 other projects.
Three active staking protocols and two liquidity pools demonstrate expanding DeFi ecosystem integration.
Official X account is compromised. Users warned against clicking links or engaging with posts.
Live bidding for stATOM/dATOM liquidity deployment offers up to 40% APR for next 2 days.
Captures 30.1% of Monad testnet staking while being the only provider using DVT and offering restaking via EtherFi partnership.
Leading LSD protocol captures 30% market share with 1.8M holders and 8.9M transactions on Monad.
Captures 27% of Monad's staked tokens with 608K+ MON TVL and 1.8M+ holders, while offering unique MEV profit redistribution.
First MEV infrastructure for Monad, raised $3.9M from Animoca Brands, liquid staking live on Monad testnet where staking MON yields gMON tokens
Testnet live on Monad, offering liquid staking for test MON tokens to mint gMON. Partnership with Obol Collective for Distributed Validator.