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Magma Finance (MAGMA)

Magma Finance is a innovative AMM using incentive-alignment to keep the liquidity flowing hot and glowing bright on Mantle.

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Overview

Project industryExchanges & Wallets
Product typeProtocol
WhitepaperMagma Finance White Paper Open

What is Magma Finance

Magma Finance aims to serve protocols and users with deep and efficient liquidity that facilitates the best swap rates with our flagship AMM (automatic market maker).

Our vision is to create the best possible experience for traders, liquidity providers, and protocol owners, balancing the needs of all groups. Inspired by the vote-escrow model of Solidly, veMAGMA holders will control and direct oMAGMA emissions allocated to liquidity pool gauges, while receiving the trading fees and bribes for votes.

This model rewards long-term supporters, and aligns stakeholders interests by incentivizing rewards to active pools that show user demand and generate fees.

MAGMA - the ERC-20 utility token of the Magma Finance protocol.

Details

Token supply: 100,000,000 MAGMA

Legal

Blockchain Platform: Mantle
Registration year: 2023

Token info

Ticker: MAGMA
Type: Utility-token
Token standard: ERC-20
Token distribution:
25% - the team
25% - partner protocols
20% - ecosystem fund
15% - airdropped to users
15% - initial raise and LGE

Project team

Bob the reBuilt
Bob the reBuilt
Founder - Chief Architect
Bob the reBuilt twitter
Hobe
Hobe
Head of Marketing
Hobe twitter
DC
DC
Head of BD
DC twitter
WΞNDΞL
WΞNDΞL
Lead Dev
WΞNDΞL twitter

Social media

Magma Finance web-siteMagma Finance MediumMagma Finance TelegramMagma Finance LinkedInMagma Finance TwitterMagma Finance DiscordMagma Finance Github

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