
Magma is a liquid staking protocol built for the Monad blockchain, enabling users to stake MON and receive gMON—an on-chain representation of staked MON that can be used across the DeFi ecosystem. The protocol is designed to boost staking yields through MEV rewards and efficient validator delegation.
When users stake MON, they receive gMON tokens, similar to exchanging cash for chips at a casino—liquid, flexible, and usable across DeFi. Magma automatically delegates the staked MON to top-performing validators, optimizing returns like pooling bets with expert gamblers. MEV rewards from block auctions are then distributed back to gMON holders, boosting their APY.