I entered a bounty for @SuperteamCAN on "Why Colosseum is the Best Hackathon"
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https://t.co/Bpbu2iez7v
$96M paid out to DeFi holders last month.
One protocol distributed 3× its actual revenue. Reserve-funded. Unsustainable long term.
Magnet Finance will distribute from protocol revenue only — swap fees, LP yield, treasury yield. Weekly Magnetic Epochs. Hard-capped supply.
Real yield from real revenue.
@solana
DeFi TVL is contracting. What survives is built on real revenue.
MGNT ecosystem earns from three protocol streams: swap fees (30bps via Jupiter), LP yield via Meteora, treasury yield. Distributed weekly, on-chain, to every holder.
No inflation. No promises. Structural scarcity.
@solana
➡️The next 24 hours are a flat out sprint to refine submissions for @colosseum's Frontier Hackathon
Best of luck to to all entrants 🤝
@solana@SolanaFndn
Why @solana ?
Sub-second finality. Magnetic Epochs need precise on-chain settlement. Every 7 days, revenue is tallied, distributions sent, burns executed. Solana makes the cadence reliable.
https://t.co/qGcss2YjNX
$MGNT $mgntSOL
$mgntSOL is powered by @sanctumso. Sanctum's infrastructure makes liquid staking modular, composable, and deeply liquid. mgntSOL inherits all of that — and routes the yield into a deflationary protocol.
https://t.co/qGcss2YjNX
@solana
Three revenue streams. Three token polarities. One unified deflationary outcome. Magnet Finance is the first protocol to match revenue character to token character. Every holder earns. Every epoch burns. Attract Yield. Repel Risk.
https://t.co/qGcss2YRDv
@solana $MGNT $mgntSOL
Total supply: 36,900,000 $MGNT.
50% unlocks over 15 years.
Weekly buybacks + burns compress supply from the outside.
Slow emission. Constant burn pressure. Designed for long-term scarcity.
@MGNTFinance@solana@SolanaFndn
"Attract Yield. Repel Risk."
That's not a tagline. It's the protocol mechanic.
mgntSOL attracts yield from @solana staking.
The flywheel repels supply inflation in $MGNT.
Stake SOL. Watch it work.
→ https://t.co/eytY8gV6TE
@sanctumso@JupiterExchange
The Magnet Finance whitelist is open.
If you've been following — now's the time to lock in your tier.
Tier 3 Whitelist: $0.20/MGNT | $2,500 cap | No cliff | 4-month vest
→ https://t.co/gENvjFWb4Y
@MGNTFinance | https://t.co/C4zUlzS54X
Why @JupiterExchange for swaps?
Best liquidity routing on @solana. Access to every major pool. One interface for any pair.
Magnetic Swap — powered by Jupiter — means you never miss a better rate.
$MGNT | https://t.co/eytY8gVEJc
@MGNTFinance
Liquid staking tokens (LSTs) explained simply:
SOL → stake it → get an LST (like mgntSOL)
LST = your staked SOL + auto-compounding yield
LST is liquid — hold, trade, use in DeFi
Your underlying SOL keeps earning
@sanctumso makes this seamless on @solana.
$MGNT is built on top of this. @SolanaFndn
Tier 1 Genesis: $0.10/MGNT.
$500 wallet cap. 15% of presale allocation.
10% unlocks at TGE. 1-month cliff. 9-month vest.
The lowest price in the entire presale. First to fill.
Secure your spot → https://t.co/gENvjFWIUw
@MGNTFinance@solana
People ask: what makes $MGNT deflationary?
It's not a fee. It's not arbitrary. It's the yield.
mgntSOL earns real @solana staking yield. That yield — every epoch — converts to buyback pressure on $MGNT. Supply compresses as TVL grows.
Mechanics > promises.
@MGNTFinance@sanctumso