Users can earn MEV-optimized staking rewards across the EVM-native L1 DeFi ecosystem.
Magma will launch on the Monad mainnet, allowing users to earn yield and points by staking MON, the native token of the Monad network, while maintaining liquidity across the Monad DeFi ecosystem. Monad, the long-awaited Ethereum-compatible layer 1 built for speed and low fees, has raised $248 million and targets record-fast transaction confirmations and near-zero gas fees. Its decentralized app ecosystem has nearly 100 projects ready to launch across DeFi, gaming, NFTs, and infrastructure.
With Magma, users stake MON and receive gMON, a liquid staking token designed to earn MEV-optimized rewards. Magma’s MEV infrastructure sends more value back to stakers and the network, deepens liquidity across Monad DeFi, and leverages the same class of innovation that helped Jito reshape the LST category.
“Monado represents one of the greatest opportunities in cryptocurrencies today,” said David Mass, CEO and co-founder of Magma. “Jito’s rise has demonstrated that when MEV is configured to align incentives between verifiers, stakeholders, and builders, it is a clear path to sustainable growth.
Magma’s early performance on Monad follows that path of returning MEV to stakers, deepening liquidity and enabling persistent DeFi usage. ”
To date, Magma has raised $4.2 million in funding with participation from Bloccelerate, CMS Holdings, Animoca Ventures, Maelstrom, Veil VC, Builder Capital, Infinity Ventures and others, with participation from angels Meltem Demirors, Kartik Talwar, Mike Silagadze, Alan Curtis, Ben Lakoff and others.
On mainnet, Magma has launched in partnership with major validator partners such as Blockdaemon and Figment, and is expanding its DeFi utility through lending and borrowing marketplaces with Morpho, Euler, and more. The protocol has been reviewed by top security auditors including Spearbit, Halborn, Zellic, and Zenith.
Meir Bank, CTO of Magma, said: “Our MEV clients are integral to how Magma scales on top of Monad. “Our testnet performance has been outstanding and we operate one of the most competitive block engines designed to efficiently capture value and drive long-term growth.”
“Institutions want two things: predictable performance and clear guardrails,” said Demetrios Skalkotos, chief DeFi and protocol officer at Blockdaemon. “With Magma on Monad, we are bringing a trusted playbook to the Monad ecosystem, allowing large holders to participate and earn rewards with a trusted path of professional staking from launch.”
Magma is built by Hydrogen Labs, led by CEO David Mass and CTO Meir Bank. Hydrogen Labs brings deep protocol engineering experience and a history of shipping crypto financial applications across multiple L1s.
Mr. David Mass will be available for an interview.
About magma
Magma is one of the leading decentralized liquid staking protocols built on the Monad Network, an Ethereum-compatible layer 1 blockchain. Magma provides users with Monad’s Liquid Staking Token (gMON) to continue earning staking yields and rewards while maintaining liquidity that can be used across apps on Monad. Magma’s MEV client is designed to power one of the most competitive block engines in cryptocurrencies, efficiently capturing value, expanding liquidity, and driving long-term growth in Monad.
For more information, please visit magmastake.xyz.
About monads
Monad is a layer 1 blockchain built from the ground up offering 10,000 TPS, single slot finality, and 0.5 second block time. With consumer-grade hardware and 1:1 EVM compatibility, Monad delivers massive performance to users and developers.
For more information, see monad.xyz.
