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Staking Flow

Before interacting with the API methods, it is useful to understand how Magma works on Monad.

Magma is a liquid staking protocol on Monad. Magma's staking pool allows users to stake Monad tokens and receive liquid staked Monad (gMON) in return.

Magma is built on Monad, an EVM L1 designed for high throughput, low costs, and censorship resistance. The protocol is operated in a decentralized way, with a strong focus on community participation and socially conscious decision-making.

Liquid staking​

Magma allows MON holders to generate staking rewards while remaining liquid. When users stake MON to participate in Monad's DPoS consensus, they receive gMON, which represents their staked MON and accrued staking position.

gMON can be used across DeFi applications in the Monad ecosystem for collateral, liquidity provision, lending and borrowing, and trading activities. gMON is designed as a fully collateralized asset, backed 1:1 and redeemable for MON.

gVaults​

Magma introduces staking vaults (gVaults) on Monad. This architecture is designed to isolate risks and provide stronger operational and regulatory flexibility for institutional users.

Delegate​

Delegation stakes MON into Magma and mints the liquid staking position.

  1. Initiate delegation: Use the delegate action to craft a transaction with the amount you want to stake.
  2. Transaction confirmation: Once confirmed on-chain, your MON is staked in Magma.
  3. Receive gMON: Your liquid staking position is represented by gMON.

Undelegate​

Undelegation starts the process of exiting part of your staked position.

  1. Initiate undelegation: Use the undelegate action for the amount you want to exit.
  2. Request creation: The protocol creates a withdrawal request associated with a request_id.
  3. Wait period: Funds become withdrawable after the protocol-defined unlock period.

Withdraw​

Once a withdrawal request is available, you can claim it.

  1. Check withdrawal status: Retrieve your pending requests and identify a withdrawable request_id.
  2. Withdraw funds: Use the withdraw action with that request_id.
  3. Post-withdrawal: Claimed MON is returned to your wallet and can be reused or restaked.

Staking API Diagram​