Magma is a liquid-staking protocol on Monad that lets users stake their MON tokens while keeping liquidity via a tradable token, combining staking yield with DeFi composability.
- Liquid Staked Token (gMON) — stake MON and receive gMON, a 1:1 redeemable LST you can freely use.
- Staking + MEV Yield — earn standard staking rewards plus extra MEV-boosted yield from validator block-space auctions.
- DeFi-ready liquidity — gMON remains usable as collateral or liquidity inside Monad’s DeFi ecosystem.
- Community-governed & DAO-backed — governed and operated by the community, aligning incentives across users and validators.
In short: Magma turns illiquid staking into flexible, yield-generating, and DeFi-ready capital — making staking productive and composable.
MEV-optimized yield
Validators auction blockspace; MEV revenue is shared with gMON holders, boosting returns.
Validator delegation via DV
Initially delegated to top validators, with a roadmap toward a full Distributed Validator (DV) network.
Redeemable 1:1 peg
gMON remains fully collateralized by MON — users can redeem back 1 MON per gMON.
Community-governed protocol
Protocol operation, validator selection and future direction are subject to community governance.
By using Magma, users get the best of staking — yield and network security contribution — without sacrificing liquidity or flexibility; they can stay active in DeFi while their tokens earn.
- Stake MON and keep liquidity with gMON — you don’t lock yourself out of DeFi.
- Earn both normal staking yield and additional MEV-driven rewards for potentially higher returns.
- Use gMON as collateral or liquidity in other Monad dApps (lending, swaps, liquidity pools, etc.).
- Benefit from decentralization and reduced slashing risk thanks to DV-based validator architecture.
- Participate in governance and network growth as a community-driven protocol.
Overall, Magma exists to combine staking’s security and yield with DeFi’s flexibility — making Monad staking more efficient, composable and user-friendly.
