Description: Forked From Tomb Finance. Stake your MAGIK-FTM LP in the Cemetery to earn MSHARE rewards. Then stake your earned MSHARE in the Masonry to earn more MAGIK! The $MAGIK'S algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network.The protocol's underlying mechanism dynamically adjusts $MAGIK's supply, pushing its price up or down relative to the price of $FTM. Inspired by the original idea behind Basis as well as its predecessors (Tomb and soup), Magik.finance is a multi-token protocol which consists of the following three tokens: Magik ($MAGIK), Magik Shares ($MSHARE), Magik Bonds ($MBOND).
What differentiates $MAGIK from other algorithmic tokens?
Unlike previous algorithmic tokens, $MAGIK is not pegged to a stable coin— it is instead pegged to $FTM. Why? Magik.Finance believes in the potential of Fantom Opera, and has chosen to align its mission to both provide value to and derive value from $FTM's future growth. One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Magik team will maintain a focus on innovation around enhanced functionality and use cases.
#paymentgateway #payment #banking #definews #defiprotocol #defiprojects #decentralizedfinance #defi20 #ftm #fantom #blockchain #shibaswap #highscalable #instantransfer #simplysecure #evmcompatible #metaverse #nfts #wojak #pepe #multichain #parachain #crosschain #borrow #lending #loan #lend #earn #apy #interestrate #borrowers #cefi #dex #traditionalfinance #bank #staking #dapp #fintech #crypto #ethereum #vote #stake #farm #farming #yieldfarming #stablecoin #aggregationprotocol #cryptowallet #token #tokenomics #gaming #gasfee #swift #poolmining #nftwallet #oracle #stablecoins #api #idoplatform #borrowing #yieldaggregator #launchpad #eth #eth2 #altcoins #coins #etf #bitcoin #cryptocurrencies #dogecoins #xrp #eosio #xlm #cardano #dot #aave #btc #BNB #celsiusnetwork #Tron #bch #LTC #ripple #stellarlumens #polkadot #holo #hederahashgraph #algorand #ravencoin #iota #usdt #waves #ethereumclassic #chainlink #zcash #dash #monero #bitcoinsv #NEM #XEM #nft #nfts #nonfungibletoken #digitalassets #etf #digitalcoin #ewallet #digitalgold #internetmoney #defi #decentralizedfinance #peertopeer #digitalcurrency #decentralizedmoney #ledger #futuremoney #centralbank #digitalbank #elonmusk #cryptowallets #bitcoinwallet #cryptocurrencymining #cryptorealestate #cryptocurrencyexchange #futurebanking #digitalmoney #distributedledger #centralbankdigitalcurrency #ether #digitalwallet #bitcoinexchange #paymentserviceprovider #walletprovider #gold #silver #fiatmoney #p2p #cashlesssociety #workfromhome #blockchainlawregulation #ebanking #cryptocard #bitcoinkiosks #bitcoinatm #cryptocurrencyatm #bitcoinwallets #cryptocurrencyexchanges #forex #banks #p2p #centralizedfinance #cefi #hedgefunds #investors #ico #sto #initialcoinoffering #securitytokenoffering #paymeincrypto
