Tokens

$MNT - the native token of the L2 Mantle network $MAGMA - the ERC-20 utility token of the Magma Finance protocol veMAGMA - the governance token oMAGMA - the emission and reward token veMAGMA is the vote-escrowed governance token for Magma finance, which directs emissions and earns revenue:

• veMAGMA is obtained by creating and locking MAGMA/MNT liquidity.

• It is locked indefinitely, and its voting power does not decay over time

• Gauge Voting: holders can vote for gauges on a weekly basis.

• Governance Rights: holders can partake in governance and cast votes for protocol improvement proposals

• Fee Revenue: voters earn 100% of the swap fees generated by the pools voted for each epoch

• Bribe Revenue: voters earn 100% of bribes for the pools voted for each epoch

oMAGMA is the emission and reward token

oMAGMA is a call option token for $MAGMA. This entitles a holder to purchase MAGMA at a set discount rate to the current market price at time of redemption.

• oMAGMA does not have an expiration date

• The discount can be between 5% and 50% for oMAGMA--> MAGMA

• The discount can be set between 10% and 100% for oMAGMA --> veMAGMA