The Magic Eden Rewards program lets $ME stakers earn rewards for using the platform while also participating in on-chain governance. By staking $ME, you gain both Staking Power (used for rewards multipliers and leaderboard ranking) and Voting Power (used to vote on proposals).
Season 3 runs until December 15, with 12 million $ME in rewards.
How rewards work
Get $ME tokens
Swap into $ME directly from the Rewards dashboard.
Stake $ME
Select an amount and lockup period (in days).
Longer lockups give a multiplier boost. Example: Believer tier: 1.12× multiplier.
Dashboard displays: Unlock date, Total staked, and current Staking Power.
You must be staking with at least one wallet to track activity and earn rewards.
Climb the leaderboard
Your Leaderboard Rank is determined by a formula that combines:
Trading Volume from eligible activities:
Trade NFTs
Swap Tokens
Trade Runes
Lucky Buys
Staking Power (amount staked × lockup multiplier).
Global ecosystem stats
The Ecosystem tab shows:
Total stakers
Total $ME staked
Total Staking Power
Distribution of users by Leaderboard Percentile and Stake Time Percentile (e.g., MAX DEGEN = 4 years locked).
How governance works
Governance tab
Access live proposals in the Governance section of the Rewards dashboard.
Banner note: Voting does not boost your leaderboard rank.
Voting Power = Staking Power.
Proposal details
Each proposal contains:
Title & Abstract
Motivation & Plan
Success Metrics
Budget & Resources
Team roles
Voting flow
Open the Vote tab on a proposal.
See details: Status (Open/Closed), Threshold to pass (e.g. 60%), Start/End times, Total wallets, Total voting power.
Select For or Against and click Vote Now.
Confirmation
Modal reminder: Votes are final per wallet. You cannot add more voting power later to the same wallet.
Confirm by signing the vote.
On-Chain transaction
Wallet popup will request approval. Small Solana network fee applies.
Post-vote results
After casting, you’ll see: Your choice, % voting power used, and a transaction link on-chain.
Earn $ME: Climb the leaderboard through trading + staking to earn seasonal rewards.
Shape the future: Propose, debate, and vote on initiatives.
Be part of the ecosystem: Governance ensures the community directs $ME’s growth.
How to submit proposals
In addition to voting on proposals inside the Rewards dashboard, community members can draft, share, and debate new proposals on Magic Eden’s governance forum.
Create a Discourse account
Sign up at magiceden.discourse.group.
Watch for an approval email after registration (required before posting).
Post your proposal
Click “New Topic”.
Choose the relevant category (e.g. Trial Proposals, Community Incentives & Campaigns, Grant Programs & Ecosystem Development).
Add a title and complete the body of your proposal using Markdown for formatting.
Community discussion
Proposals are open for comments and refinement.
Voting stage
Once approved, proposals move to the Governance tab in the Rewards dashboard.
Voting follows the on-chain flow described above.
Quick links
Live support via the chat widget on the site or our Help Center.