Magma lets you stake $MON and unlock $gMON Liquid staking that works across 27+ Monad protocols.
Here’s how the loop works:
1️⃣ Stake $MON → get $gMON 2️⃣ Use $gMON as collateral 3️⃣ Borrow more $MON 4️⃣ Re-stake & repeat 5️⃣ End the Loop: LP $MON and $gMON on one of their DEXes
This loop by @MagmaStaking is maximizing chances for a possible Monad airdrop.