Magma announces that 100% of protocol revenue from staking fees will be used for buyback and burn 👀 LST protocols typically earns its revenue from taking a small cut of the staking yield of the deposited token Normally large parts of this goes into a treasury or some of the revenue is used for buybacks. For @MagmaStaking 100% of those fees will be used to buyback and burn for max alignment with the community
Magma 🐲🧡
Magma 🐲🧡23.7. klo 23.01
Magma is turning up the heat. Introducing – the first-ever 100% buyback & burn LST 🐉🔥 All fees from staking rewards will be used towards buyback and burn, making Magma the most community aligned LST on the market. Fully aligned. Long-term committed. Built for the @monad ecosystem. Read all the details here:
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