Magma Wen
WENCrypto-backed USD-pegged Rank #292
Price
$0.999966
-0.00% off peg
Market Cap
$83.3K
Market Cap
$83.3K
Dominance
0.00%
of market
Price
$0.999966
% Off Peg
-0.00%
24h Supply
0.00%
7d Supply
0.00%
30d Supply
0.00%
Networks
1
chains
Circulating Supply
Total WEN across all chains
$108.9K
$81.0K
Jul 17, 2025
Jul 17, 2026
Chain Distribution
Current supply by network
IoTeX
$83.3K 100.0%
About Magma Wen
Magma is a new DeFi primitive that enables users to mint a stablecoin, WEN. Fully collateralized by liquid staking tokens (LSTs) and real world assets (RWAs), WEN opens DeFi doors for projects and users alike through providing a native stable asset for the ecosystem.
Mint & redeem
Using Magma, users mint WEN by depositing IOTX/uniIOTX as collateral into a Vault. After the WEN loan is repaid to retrieve the collateral, the paid back WEN is burned
