MagmaDAO Airdrop: tasks and status

updated 11 Mar 2025
DeFi

About the project

MagmaDAO is a DAO-owned liquid staking protocol built on the Monad blockchain, offering equitable token distribution through its Points Programs. It enables Monad token holders to earn staking rewards while maintaining liquidity. The platform also features the first Distributed Validator outside of Ethereum, enhancing network decentralization and reducing slashing risks. MagmaDAO uses service fees for insurance and development funds, governed by community decisions. Its ecosystem-wide Points program incentivizes community participation and supports the Monad ecosystem.

Funding

$3.9M raised · 16 investors

  • CMS Holdings
  • Infinity Ventures Crypto (IVC)
  • RockawayX Liquid Opportunities Fund (Prev. Relayer Capital)
  • Animoca Brands
  • Maelstrom
  • Stake Capital Group
  • Builder Capital
  • Bloccelerate
  • Wise3 Ventures
  • RockTree Capital
  • Meltem Demirors
  • Kartik Talwar
  • Alan Curtis
  • Mike Silagadze
  • Ben Lakoff
  • Veil

Step-by-step checklist

How to qualify for the airdrop Locked

These tasks are available in the CoinDropster dashboard: exact links, progress tracking and deadlines — open the app to see the checklist.

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