Magma Finance
magmaOfficial sources conflict
Token identity and fixed supply are verified, but official materials disagree on Magma 2.0 availability and governance tense. Protocol upgrades remain administered, and no live vote or holder revenue, redemption, or ownership right was verified.
What is Magma Finance?
MAGMA is the token of Magma Finance, a Sui-based automated market maker. The official coin type, CoinGecko record, and on-chain metadata agree; the coin was created on 2025-12-11 with 9 decimals and a total supply of 1,000,000,000.
What problem does Magma Finance solve?
Magma targets capital-efficient liquidity on Sui through concentrated and adaptive market makers. Its 2.0 plan adds an oracle-anchored PropAMM, but the official roadmap calls integration and public launch planned while a public repository already lists a mainnet package and pool.
How does Magma Finance work?
CLMM and ALMM packages execute swaps and liquidity positions on Sui, while MAGMA is described as an incentive, access, and governance token. The TreasuryCap is immutable, blocking standard additional minting, but protocol packages retain upgrade and administrator roles. No reviewed interface proves live MAGMA voting, revenue, redemption, or ownership rights.
Key facts
- Canonical coin type: 0x9f85…e529::magma::MAGMA on Sui, with 9 decimals.
- The 2025-12-11 TreasuryCap shows 1,000,000,000 MAGMA and is immutable; no DenyCap was located.
- Official 2025-12-15 tokenomics allocate 51% ecosystem reserve, 10% community, 15% contributors, 15% investors, 7% foundation and marketing, and 2% liquidity.
- The product's CLMM and ALMM are deployed, but live governance and PropAMM public availability are not consistently established.
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Frequently asked questions
Can more MAGMA be minted?
The standard TreasuryCap is immutable, so the reviewed standard mint path is blocked; this does not remove protocol upgrade or admin risk.
Does MAGMA provide governance or revenue rights?
Official copy claims governance utility, but no reviewed live vote or contractual revenue, redemption, or ownership right was established.
Is Magma 2.0 live?
A mainnet package is documented, while official roadmap copy still labels integration or public launch as planned, so the boundary is conflicting.
External trackers
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