This article will show you how to join the Magic Eden Rewards program and participate in the onchain governance of the $ME ecosystem. By staking $ME, you gain both Staking Power to boost your rewards and Voting Power to vote on governance proposals.
Staking your $ME tokens
Get $ME tokens
If you do not have any $ME tokens, you can swap and purchase $ME directly from the Rewards Dashboard.
Stake $ME
You must be staking with at least one wallet to join the Magic Eden Rewards program and track rewards activity, earn rewards, and participate in $ME governance.
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.
How governance works
All $ME stakers are given Voting Power to participate and vote on the onchain governance of the $ME ecosystem.
Shape the future: Propose, debate, and vote on initiatives.
Be part of the ecosystem: Governance ensures the community directs $ME’s growth.
Governance tab
View live proposals in the Governance section of the Rewards dashboard.
NOTE: Voting does not boost your leaderboard rank.
View your Voting Power, which you can use to vote on proposals.
Voting Power is equal to your 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.
Onchain 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.
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.