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ProtocolsMagma Finance

Magma Finance

Total Value Locked

Chain Breakdown
IoTeX	$3.29m

TVLUSD InflowsTweetsDevelopersDeveloper Commits

Protocol Information

A protocol that unlocks native chain token liquidity for a small one-time fee. IOTX collateral backed 0% loans. Censorship-proof stablecoins.

Category:CDP

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Development Activity

(updated at 08/05/24)

Weekly commits: 1
Monthly commits: 1
Weekly developers: 1
Monthly developers: 1

Last commit: 4 days ago (2024-05-08)

Methodology

Competitors

Monroe Protocol ($958,148)xDollar ($247,478)MakerDAO ($5.283b)JustStables ($1.467b)Liquity ($636.31m)Helio Protocol ($261.32m)crvUSD ($200.73m)Thorchain Lending ($169.52m)Abracadabra Spell ($111.71m)Kava Mint ($68.3m)