{"type": "project", "title": "Magma Finance", "logoImg": "bafkreif7r2apesuwn372s2pt6j5fs7ilt2q3dofjog4dqzalze4ouvp44m", "website": "https://magmafi.xyz", "bannerImg": "bafkreiaqf276ycr6mql5w2sql2yv4gl3rir3zepul553bgb5n7m5tbvqxa", "createdAt": 1682286230108, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..m3TwFG-5LKZBKDU-ZYQokDncobZcvTGic-BayBDKZuzJf6SDgvpaFgQh0B54f2G65ynd6zhYCZ_h07B4-yfmDg", "type": "Ed25519Signature2018", "created": "2023-04-23T21:43:36.555Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-04-23T21:43:36.555Z", "expirationDate": "2023-07-22T21:43:36.555Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x83B35466ff8ec3b714c17697930ec304f7FF0057", "hash": "v0.0.0:4cEnjRPFTIE5MEwJA+uxy9KoSKbglPXUyV9adiOsM28=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#magma_fi"}}}, "description": "Just as the liquid magma swirls deep within the mantle of the earth, Magma Finance will harness and channel the depths of liquidity within the Mantle layer.\n\nMagma Finance aims to be the premier defi hub for the L2 Mantle ecosystem, starting by serving protocols and users with deep and efficient liquidity that facilitates the best swap rates. \n\n\nFlagship product: a novel ve(3,3) DEX iteration\n\n \u2043 Inspired by the vote-escrow model of Solidly, veMAGMA holders will control and direct MAGMA 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. \n\n\u2043 Unique changes to emission rewards will offer attractive rates for LP providers while mitigating mercenary capital bleeding by implementing [redacted]\n\n\u2043 A longstanding problem with ve(3,3) tokenomics has been solved with veMAGMA by using [redacted]\n\nThe Earth's layers, showing the Inner and Outer Core, the Mantle, and Crust, highly detailed, photo realistic, ultra realistic, high resolution, vibrant colors\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "magmaprotocol", "projectTwitter": "magma_fi"}
Magma Finance
Just as the liquid magma swirls deep within the mantle of the earth, Magma Finance will harness and channel the depths of liquidity within the Mantle layer.

Magma Finance aims to be the premier defi hub for the L2 Mantle ecosystem, starting by serving protocols and users with deep and efficient liquidity that facilitates the best swap rates. 


Flagship product: a novel ve(3,3) DEX iteration

 ⁃ Inspired by the vote-escrow model of Solidly, veMAGMA holders will control and direct MAGMA 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. 

⁃ Unique changes to emission rewards will offer attractive rates for LP providers while mitigating mercenary capital bleeding by implementing [redacted]

⁃ A longstanding problem with ve(3,3) tokenomics has been solved with veMAGMA by using [redacted]

The Earth's layers, showing the Inner and Outer Core, the Mantle, and Crust, highly detailed, photo realistic, ultra realistic, high resolution, vibrant colors

Magma Finance