Magma's Testnet is Live on Monad!

ROARRR!!!

Today, the Magma team proudly launches its public testnet on Monad! 🎉

After 20+ months of dedication and anticipation of Monad’s testnet infrastructure, we’ve reached a major milestone in redefining decentralized finance. We're excited to welcome our community to this pivotal phase as we rigorously test Magma’s full functionality ahead of mainnet.

Get Started Here 👇

https://www.magmastaking.xyz

What is Magma?

To refresh your mind, Magma was the first native project to build out our liquid staking platform on Monad. Magma is designed to unlock liquidity and the full potential of $MON throughout the Monad DeFi ecosystem.

Here’s how it works:

• 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.

Magma is built to empower users with liquidity, yield, and opportunities—all while reinforcing the core principles of Monad, a high-performance EVM-compatible Layer 1 blockchain.

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

• If you don’t have a wallet, create one with MetaMask or Phantom

• Follow this setup guide if you need help.

Step 2: Connect to Monad Testnet

1. Open the Magma Testnet portal: https://www.magmastaking.xyz

2. Click “CONNECT WALLET” and select MetaMask.

3. If prompted with "WRONG NETWORK," select "Switch to Monad Testnet" in the dropdown menu.

Step 3: Get Testnet $MON Tokens

1. Head to https://testnet.monad.xyz/

2. Enter your EVM wallet address and click “Get Testnet MON”

Step 4: Stake Your Testnet $MON

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.

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

Why Your Feedback Matters

This is a defining moment for Magma and Monad. Your experience and input will help us refine the platform for a seamless mainnet launch. Share your thoughts, report issues, and let us know how we can improve.

Join the DragoNads:

• Discord: https://discord.gg/magmastaking

• Twitter (X): @MagmaStaking

The Future is HOT like Magma

Magma Testnet is more than just a milestone—it’s the community’s first step towards making Monad succeed. Let’s build this future together. 🌟

🚀 Start testing NOW:https://www.magmastaking.xyz