Magma Finance contributed the following description of Magma Finance:

Magma Finance is a cutting-edge AMM DEX designed for MOVE-based blockchains. In Magma, we’re combining the classic concentrated liquidity AMM model with the best practice of ve(3,3) tokenomics, providing long-term incentives for early protocol participants and long-term builders.

Zellic conducted a security assessment for Magma Finance from January 14th to January 27th, 2025. During this engagement, Zellic reviewed Magma Finance's code for security vulnerabilities, design issues, and general weaknesses in security posture.