Testnet
Get Started Here Dragonad👇
Here’s how it works:
Stake your testnet $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 Testnet?
Participate in liquid staking with testnet $MON.
Receive $gMON after staking
Provide feedback to help shape the protocol before mainnet goes live.
Now as a reminder, Monad is rolling out testnet in phases and staking is not yet live, as such, we cannot provide yield at this time. But no worries, we will let you know the second that becomes active.
This is just one more chance to show the Monad ecosystem you are a true DragoNad.
And DragoNads ARE Nads.
How to Get Started
Here’s how you can start testing Magma today:
Step 1: Set Up Your Wallet
Follow this setup guide if you need help.
Step 2: Connect to Monad Testnet
Open the Magma Testnet portal: https://www.magmastaking.xyz
Click “CONNECT WALLET” and select your wallet provider of choice.
If prompted with "WRONG NETWORK," select "Switch to Monad Testnet" in the dropdown menu.
Step 3: Get Testnet $MON Tokens
Head to https://testnet.monad.xyz/
Enter your EVM wallet address and click “Get Testnet MON”
Step 4: Stake Your Testnet $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.
gMON Explorer Link: https://testnet.monadexplorer.com/token/0xaEef2f6B429Cb59C9B2D7bB2141ADa993E8571c3
Contract Address: 0xaEef2f6B429Cb59C9B2D7bB2141ADa993E8571c3
Congratulations DragoNad, you have successfully supercharged Monad and received the Magma LST $gMON.
Step 4: Unstake Your Testnet $MON
Now let’s continue our testing by unstaking your $gMON.
On the dashboard, select “Unstake”. You will be able to see the amount of $gMON available for unstaking in your wallet or on the Dashboard itself. Type the total amount of $gMON you would like to unstake and click “Unstake”.
After clicking unstake, wait until the process wheel stops spinning and you receive a confirmation on your screen informing you that your unstake was successful. Your $MON and its yield is back in your wallet, ready to be staked again.
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
Last updated