Magnet DAO MAG Price N/A

Magnet DAO is the next evolution of the reserve currency protocol. The DAO uses its protocol-controlled value to reward token holders with high yields while using its treasury reserves to invest in and incubate innovative projects. Unlike first-generation reserve currency protocols, the goal of Magnet DAO isn’t just to grow its market cap and treasury from bonding: Magnet DAO will also use 10% of bond profits to invest in high-quality crypto assets, effectively turning the DAO into an on-chain Innovation Fund. 

Staking allows you to earn MAG passively via auto-compounding. By staking your MAG with Magnet DAO, you receive sMAG (staked MAG) in return at a 1:1 ratio. After that, your sMAG balance will increase automatically on every epoch based on the current APY.