Magma is a Liquid Staking Protocol on Monad, developed by Hydrogen Labs. It emphasizes equitable token distribution via airdrops, community-driven decisions, self-funded protocol development, and management autonomy.
Fluid Protocol is building USDF, the native stablecoin for the Fuel ecosystem written in Sway. Users can get interest-free loans with a single type of collateral, and the loans will be paid out in USDF, the native stablecoin of Fluid. A fixed minimum collateral ratio must be maintained. Users can redeem USDF for their collateral at any time at face value.
