Magma Finance

Total Value Locked$959,392
Chain Breakdown
IoTeX$959,392
USDIOTX

Protocol Information

A protocol that unlocks native chain token liquidity for a small one-time fee. IOTX collateral backed 0% loans. Censorship-proof stablecoins.

Category:CDP

Website Twitter

Development Activity

(updated at 17/03/25)

Weekly commits: 1
Monthly commits: 4
Weekly developers: 1
Monthly developers: 3

Last commit: a month ago (2025-03-17)

Methodology

TVL

Competitors

xDollar($139,177)Sky Lending($5.621b)Avalon USDa($488.46m)Beraborrow($385.66m)lisUSD($369.1m)USDD($354.93m)crvUSD($179.8m)Liquity V1($173.07m)Level($146.76m)Thorchain Lending($123.88m)