Magma is a liquid staking protocol on Monad that lets MON holders stake through a pool and receive gMON as a liquid receipt token fully backed by and redeemable for staked MON. gMON represents a claim on delegated stake in Monad’s DPoS validator set and is designed as a reward bearing asset whose value increases relative to MON as staking and MEV auction rewards accrue. gMON can be used as collateral and liquidity in DeFi protocols across the Monad ecosystem.