Monad Ecosystem Liquidity Staking Protocol Magma Completes $3.9 Million Seed Round, with Animoca Ventures and Others Joining

Odaily News Monad ecosystem liquidity staking protocol Magma announced the completion of a US$3.9 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Relayer Capital and others. It is reported that Magma is building MEV-based liquid staking on Monad.