Magma
Magma Airdrop
About Magma
Magma is a DAO-owned liquid staking protocol built on the Monad blockchain. It allows users to stake their Monad (MON) tokens and receive a liquid staking token called gMON in return. This setup lets users keep their capital liquid while still contributing to network security and earning staking rewards. By issuing gMON, Magma enables users to participate in DeFi activities without needing to unstake their MON, enhancing capital efficiency on Monad.
Why we choose Magma?
We selected Magma because it combines DAO ownership with a liquid staking model on the Monad blockchain, positioning itself as an early DeFi infrastructure player in this ecosystem. The project has attracted notable attention, having raised $3.9 million in a Seed round from investors such as Animoca Brands, CMS Holdings, IVC, Maelstrom, and Builder Capital. This funding and backing suggest strong ecosystem interest and potential future significance for Magma’s liquid staking solution.
Magma Airdrop Guide
Airdrop Eligibility
Complete the tasks below in the How To section to maximize airdrop eligibility
How to get Magma Airdrop?
1. Go to the Magma Testnet portal.
2. Click “CONNECT WALLET” and choose your preferred wallet.
3. If you see a “WRONG NETWORK” warning, use the dropdown to select and switch to the Monad Testnet.
4. Obtain testnet MON tokens from the provided Monad testnet faucet link.
5. Return to the Magma dashboard and open the staking section.
6. Enter the amount of testnet MON you want to stake.
7. Confirm the staking transaction in your wallet.
8. Wait until the transaction is confirmed and your stake shows as active.
9. Start accumulating Magma points automatically for staking MON.
10. Use your referral link (if provided) to invite friends and earn additional points from their participation.