Results for: Liquid Staking

Magma, a decentralized liquid staking protocol built on the Monad Network, has secured $3.9 million in seed funding to advance its MEV-powered liquid staking solution. The funding will be used to further develop Magma’s platform and build MEV infrastructure for Monad, maximizing network performance. Magma has also partnered with Ether.fi to integrate Restaking, allowing users to earn additional rewards.

Core Foundation has introduced LstBTC, an ERC-20 liquid staking token pegged to Bitcoin, enabling users to earn daily rewards while maintaining the liquidity of their BTC. This innovative solution aims to address the long-standing challenge of choosing between staking and liquidity in the DeFi space.