What is Magma Staked Monad (GMON)?
Magma is a DAO-owned Liquid Staking platform for Monad. gMONAD is a derivative of MONAD that is staked on Magma, allowing users to stake their MONAD tokens and retain their liquidity. gMONAD holders will be able to tap into the liquidity of their MONAD tokens, and use gMONAD for DeFi activities on Monad. gMONAD can be used as collateral across dAPPS within the Monad ecosystem to buy, sell, trade, lend and borrow.
Where can you buy Magma Staked Monad?
Magma Staked Monad (GMON) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for GMON sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for GMON. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.