Magma Protocol
Overview
The Magma Protocol is a non-custodial and decentralized stablecoin primitive for minting ioUSD against LST and RWA-backed collateral.
ioUSDNative stable asset
LST/RWACollateral types
$1Hard price floor target
| Flow | Type | Collateral / Asset | Status | Details |
|---|---|---|---|---|
| Borrow ioUSD | Core | IOTX | Live | Interest-free loan using IOTX as collateral |
| Stake ioUSD | Yield | ioUSD | Planned | Deposit rewards and sustainable real yield |
| Redeem ioUSD | Stability | ioUSD | Protocol | Redemption and arbitrage restore the peg |
| DAO governance | Roadmap | MGM | Upcoming | Governance framework and platform token |