🐍Salazar.eth 🦇🔊
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To stay positioned on Monad airdrop, I loop $gMON on @MagmaStaking
$gMON is the LST powered by Magma - Liquid Staking on Monad
Here’s how to loop $gMON:
1. Stake your $MON to receive $gMON tokens
2. Deposit $gMON as collateral to borrow additional $MON
3. Use the borrowed $MON to stake again and earn more $gMON
4. Continue the process to increase your staking yield
5. End it by providing liquidity with $MON and $gMON on a chosen DEX.
This keeps liquidity within the Monad ecosystem.
Loop via: https://t.co/msaWZpHadh
Magma is launching the "A Magma Sitdown" series, featuring guests @Curvance and @Alchemy! Keep an eye on their updates by following them!
$gMON is the LST powered by Magma - Liquid Staking on Monad
Here’s how to loop $gMON:
1. Stake your $MON to receive $gMON tokens
2. Deposit $gMON as collateral to borrow additional $MON
3. Use the borrowed $MON to stake again and earn more $gMON
4. Continue the process to increase your staking yield
5. End it by providing liquidity with $MON and $gMON on a chosen DEX.
This keeps liquidity within the Monad ecosystem.
Loop via: https://t.co/msaWZpHadh
Magma is launching the "A Magma Sitdown" series, featuring guests @Curvance and @Alchemy! Keep an eye on their updates by following them!
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