The Magnify Foundation
Magnify Cash is governed by The Magnify Foundation, a non-profit organization on a mission to drive innovation around Decentralized Credit Markets (DCMs) and the DeFi industry as a whole.
MAG Token
The MAG token is the official protocol token of Magnify Cash. The Magnify Foundation is the steward of MAG, an ERC-20 token which will contribute to the growth of the Magnify ecosystem and enable a fair governance model for decision-making within the ecosystem.
Tokenomics
In-depth tokenomics and allocation breakdowns are available in the Magnify Cash V1 Protocol: Whitepaper & Tokenomics document on our official website.
Ecosystem Grants
The Magnify Foundation will encourage innovation and acceleration in DeFi through a series of grants, workshops and other resources. Initiatives by The Magnify Foundation will be focused on supporting developers, liquidity providers, and creators that are building on top of and/or alongside the Magnify ecosystem.
More info regarding Magnify ecosystem grants will be released in the future.
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