Magma Points Program is Live!

Today, we introduce Season 1 of our long-awaited Points Program. You can earn points while powering DeFi across Monad. Let’s dig in.

What Are Magma Points?

Magma Points are earned through staking $MON for $gMON, holding Magma NFTs (ROARRRs and SCALEs), maintaining Magma Discord roles, and actively engaging with partnered projects across the Monad ecosystem using your $gMON. Points are not just rewards ,they represent your long-term commitment, loyalty, and contribution to Magma and our ecosystem.

• You can start tracking them right here: https://www.magmastaking.xyz/points

• You can view all the DeFi opportunities that we are incentivizing and other opportunities on our DeFi page: https://www.magmastaking.xyz/defi

• Note- some markets might not be available immediately, so keep up to date on our DeFi page

Our points program is built on the following elements which we will explain in detail.

• Staking Power: The biggest driver of Magma Points is your gMON staking position. The more you stake and the longer you stay staked, the more points you accumulate.

• Time Commitment Matters: Consistency is rewarded. Frequent unstaking reduces points momentum, while long-term staking increases accumulation.

• Ecosystem Multipliers: Ecosystem partners such as NFT projects, DeFi protocols, and Web3 games are assigned multiplier tiers. Users holding or interacting with these projects receive enhanced point multipliers

• NFT Ecosystem: Holders of mainnet ROARRRs and SCALEs NFTs, launched with Magic Eden, receive a top tier multiplier.

How Points are Earned

Magma Points are automatically earned and calculated based on your gMON on-chain activity, NFT alignment and community roles.

1. Stake gMON

Earn base points simply by staking $MON for $gMON. The longer you remain staked, the higher your point momentum becomes.

Multiplier: 1x

You can start staking here 👉 : https://www.magmastaking.xyz/

2. Hold gMON

Holding gMON in your wallet continues to earn you points, even when not actively used.
Multiplier: 1x

3. Provide Liquidity

Supply gMON/MON liquidity on any of the following decentralized exchanges:
Kuru, Uniswap, Monday Trade, PancakeSwap, Curve, Atlantis DEX, Bean Exchange
Multiplier: 3x

4. Lending

Lend your gMON on any of the following money markets:
Morpho, Curvance, Euler, Folks Finance, Townsquare
Multiplier: 3x

5. Staking Vault

Stake gMON into various vaults : Enjoyoors, Atlantis DEX, Covenant
Multiplier: 1x

6. Collateral

Use gMON as collateral to mint stablecoins: Monata
Multiplier: 2x

NFT Collaborations and Magma Points

Holding certain NFTs while you hold gMON earns you the following multipliers. Only your highest NFT multiplier applies.

• Some NFTs might not be available on Mainnet yet, but once they become available, the following boosts will be offered

• NFT Multipliers do NOT stack. If multiple NFTs are held, only the highest multiplier is applied.

Magma Points are designed to go beyond simple reward mechanics. They represent your true Proof of Community, your status, your commitment, and your future-proofed value within the Monad ecosystem.

Seasons-Based Points Evolution

Magma Points operate in seasons.

• Season 1 has already launched as of Monday, November 24 for any markets that are live
  

• After each season, all partner projects, multipliers, and indexes will be reevaluated, ensuring that emerging, high-quality projects can ascend tiers keeping Magma aligned with the most impactful builders.
  

• Upon mainnet launch, community members will receive an initial points allocation based on their Discord roles. With this allocation we recognize early supporters, contributors, and high-value community members.

The Magma Points Program is a system built to reward meaningful and long term contribution.

🌋 Stake MON. Get $gMON. Earn Yield. Earn Points.

👉 Start staking on Magma NOW

Follow us on X for more information or join our Discord and be part of the eruption!

Disclaimer:

Magma does not provide financial advice. All information shared, including details about Magma Points and $gMON, is for general educational purposes only and should not be considered a guarantee of future rewards or outcomes. Users are solely responsible for verifying the authenticity and security of any platform or smart contract they choose to interact with, including confirming that they are using the correct domain before connecting their wallet. Participation is entirely at your own risk.