Magik Finance AlgoStable

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

A further 3 $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Magik Finance AlgoStable is published as a versioned release inside the Magik Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Magik Finance AlgoStable ist eine versionierte Variante einer größeren Protokollfamilie. Öffne das übergeordnete Protokoll für den kombinierten TVL und alle Geschwister-Versionen.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Jan 29, 2022
   Auf DeFiLlama gelistet

Magik Finance AlgoStable is a Algo-Stables issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Fantom.

Magik Finance AlgoStable is a single-chain protocol, deployed exclusively on Fantom — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Fantom-pool2, pool2, Fantom-staking), so a fault on any one of them would affect a large slice of users.

Verified external resources for Magik Finance AlgoStable — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Magik Finance AlgoStable is one of 7 Algo-Stables protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Frax, Mento V2, Generic.Money, and 3 more. These peer protocols collectively secure 86,8 Mio. $ in deposits, giving you a frame of reference for whether Magik Finance AlgoStable's own TVL is at the top, middle, or tail of the category.

Frax

TVL 63,3 Mio. $ · 24h +0.03%

Mento V2

TVL 17,6 Mio. $ · 24h +1.42%

Generic.Money

TVL 3,5 Mio. $ · 24h +0.00%

DefiDollar DAO

TVL 864.245,2 $ · 24h +3.23%

Lumi Finance

TVL 841.774,3 $ · 24h -0.17%

Sigmausd

TVL 565.734,5 $ · 24h -2.12%