How to Stake on Mainnet
Get Started Here Dragonads👇
Here’s how it works:
Stake your $MON to earn $gMON, a liquid staking token that retains value and will eventually accrue staking rewards once mainnet is launched.
Use your $gMON across Monad’s growing DeFi ecosystem, from lending and borrowing, to swaps, liquidity provisioning, and more.
Why Join Magma’s Mainnet?
Participate in liquid staking with $MON.
Receive $gMON after staking
Receive points for staking
How to Get Started
Here’s how you can start using Magma today:
Step 1: Set Up Your Wallet
Follow this setup guide if you need help.
Step 2: Connect to Monad Mainnet
Open the Magma portal: https://www.magmastaking.xyz
Click “CONNECT WALLET” and select your wallet provider of choice.
If prompted with "WRONG NETWORK," select "Switch to Monad Mainnet" in the dropdown menu.
Step 4: Stake Your $MON for $gMON
To stake, first go to the stake dashboard and select the amount of $MON you want to stake. To see how many you have, check your wallet or check the dashboard. It will show you the total amount of $MON currently in your wallet that is available for staking.
After clicking stake, wait until the process wheel stops spinning and you receive a confirmation on your screen informing you that your stake was successful and $gMON was deposited in your wallet. Click “here” to add $gMON to your wallet so it is visible upon opening your wallet right away.
Congratulations DragoNad, you have successfully supercharged Monad and received the Magma LST $gMON.
What’s Next? Using $gMON
Once you have your $gMON, explore its potential by:
Engaging with DeFi protocols across Monad by putting your $gMON to work
Watching it accrue staking yield over time once activated
Show it off to all Nads as being part of the first Monad project
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