On Monday, Monad launched on the mainnet. staking Magma, allowing early adopters to benefit from MON staking and become owners of the liquid staking token gMON.
This protocol is the first MEV-optimized liquid staking product on the Monad Layer 1 network compatible with EthereumThe network provides fast transaction processing and low fees.
Magma’s architecture takes into account the additional value created by validators when reordering or merging transactions (MEV) and returns this income to stakers, not just validators.
Magma CEO David Masse expects users to quickly move beyond airdrops and begin investing «real capital in Monad’s own strategies,» allowing the network to function as a real economic environment.
Mass added that gMON should be the “first stop for users entering the Monad ecosystem.” DeFi» and will ultimately act as default collateral in money markets, interest-free crypto assets and structured products.
Monad’s initial supply was 100 billion MON, of which approximately half was unlocked on the mainnet for ecosystem programs and the recent airdrop. Tokens for the team and investors remain locked for at least a year and cannot be sent to staking during this period.