[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
wyck 📴 @wyckoffweb on x 231.4K followers
Created: 2025-07-23 15:32:50 UTC
Monad has built a reputation for being deeply aligned with its community.
Now @MagmaStaking, a liquid staking protocol on @monad_xyz is taking that alignment even further.
They’re setting themselves apart from most staking projects with one bold move:
• XXX% of all protocol fees will be used to buy back and burn the Magma token.
Why this matters: • Buyback-and-burn reduces token supply • Lower supply = more scarcity • If demand holds, this creates upward pressure on price
Magma is now the first LST to commit to a full buyback-and-burn of all net staking fees.
This is about real alignment with the community, and that’s rare in DeFi.
XXXXX engagements
