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.
Participate in liquid staking with $MON.
Receive $gMON after staking
Receive points for staking
Here’s how you can start using Magma today:
Follow this setup guide if you need help.
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.
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.
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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