About Airdrop
Magma is a DAO-owned liquid staking protocol built on Monad, the fastest, cheapest, and most censorship-resistant EVM Layer 1. Its core mission is to offer equitable token distribution through its Points Programs, combined with the first-ever Distributed Validator outside Ethereum. Magma allows Monad token holders to stake their MON tokens, receiving liquid staked MON tokens (gMON) in return. This system preserves liquidity while earning staking rewards, giving users the flexibility to use gMON within the Monad DeFi ecosystem.
The DAO structure ensures Magma’s governance is community-driven, avoiding full centralization and custody risks. The DAO collects service fees, which it allocates toward insurance funds, protocol upgrades, and community development. This decentralized governance framework keeps the protocol resilient, adaptive, and aligned with user interests.
Magma has officially launched its testnet on the Monad test network, providing users with a golden opportunity to interact early and secure future airdrop rewards. By participating in testnet staking and unstaking, users can qualify for rewards from both Magma and Monad a double airdrop opportunity.
This hands-on campaign allows participants to experience the platform’s liquid staking features while earning points that could convert into valuable Magma tokens once the mainnet launches. Magma’s Points Program will play a key role in token distribution, rewarding active early adopters who engage during testnet.
Follow our complete and simple step-by-step guide to participate!
Step-by-step guide
- Go to the official Magma testnet site and connect your wallet (MetaMask or other compatible wallets).
- Request Test Tokens
- If you don’t have MON testnet tokens, claim them from available faucets!
- Stake MON test tokens directly on Magma’s testnet interface.
- Receive gMON in return your liquid staked asset.
- Unstake 10% of your staked MON tokens to demonstrate activity.
- This action increases your points and strengthens your airdrop eligibility.
- Regularly stake, unstake, and interact to boost your activity score.