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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!

Tokens are manipulated

But tech isn’t

The real value lies in the bidder

Hyperliquid