BlockBeats news, on October 30, according to official sources, Monad ecosystem Liquiditystakeprotocol Magma announced the completion of a $3.9 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Relayer Capital, and others. It is reported that Magma is building MEV-based liquiditystake on Monad. In addition, Magma will collaborate with Ether.fi to establish the first integrated restake on Monad.