---
description: >-
  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.
---

# The Magnify Foundation

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[https://www.magnifyfdn.org/](https://www.magnifyfdn.org/)
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## 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](https://www.magnify.cash/whitepaper) document on our [official website](https://www.magnify.cash/).

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## 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.
