Currencies32904
Market Cap$ 2.82T+1.39%
24h Spot Volume$ 46.20B-23.5%
DominanceBTC58.68%-0.32%ETH7.71%-0.17%
ETH Gas0.53 Gwei
Cryptorank
Open report modalReport issue
MagmaDAO

MagmaDAO  

84 Watchlists

DeFi

General Info

Funds and Backers

Description

MagmaDAO is a liquid staking protocol built on the Monad blockchain.

What is MagmaDAO?

MagmaDAO is a DAO-owned liquid staking protocol built on the Monad blockchain, offering equitable token distribution through its Points Programs. It enables Monad token holders to earn staking rewards while maintaining liquidity. The platform also features the first Distributed Validator outside of Ethereum, enhancing network decentralization and reducing slashing risks. MagmaDAO uses service fees for insurance and development funds, governed by community decisions. Its ecosystem-wide Points program incentivizes community participation and supports the Monad ecosystem.

Trending Coins and Tokens Flame icon