Magnet Token

Magnet token ($U) is the native asset of Magnet Strategies, an Algorand DeFi organization, built to attract and compound liquidity, with the goal of outperforming a simple ALGO holding over time. $U is positioned to capture the broader Algorand market through its strategic LP pairings, as well as earn yield across additional DeFi strategies like node staking rewards.

Launched in June 2025, $U has a fixed supply of 750,000 tokens (ASA ID: 3081853135). It's the primary asset across every Magnet Strategies product — collateralizing MagnetFi LP loans, anchoring liquidity pairs, and used for voting power in founder-led proposals. Track Magnet's performance below and decide if you'd like to add $U to your Algorand portfolio using our swap tooling provided by TxnLab.