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Magic Eden Rewards: Staking Power, Eligibility & Monthly Revenue

Magic Eden Rewards now allow you to earn $USDC directly from Magic Eden’s protocol revenue just by staking $ME.

Updated this week

Staking Power

Staking power determines how the monthly revenue pool is allocated among participants.

  • Higher staking power → larger share of rewards

  • Total staking power across all eligible users fluctuates over time

e.g.

  • You have 1M staking power

  • Total eligible staking power is 100M

  • You receive 1% of the revenue pool

Earnings estimates shown above are informational only and not guaranteed.

⚠️ The revenue pool is distributed proportionally among all eligible stakers, not evenly. The higher your staking power relative to others, the larger your share.


Monthly Snapshots

Revenue eligibility is determined by a monthly snapshot taken before the new month begins.

e.g.:

  • February snapshot → determines eligibility for March revenue

Once the snapshot is taken:

  • Your staking power is locked for that month

  • Any changes after the snapshot do not affect that month’s rewards

Snapshot timing and your staking power at snapshot are shown directly in the dashboard

Account Validity: Am I Eligible This Month?

You will see a new ‘Account Valid’ indicator which shows whether you are ultimately eligible to receive rewards for that current month.

What “Account Valid” means

To have a Valid Account:

  • Your stake must remain valid for the entire revenue month

  • Stakes that expire during the month will be excluded

  • Expiring stakes are filtered during the snapshot process

The Account Valid status changes colour depending on:

  • Whether your stake covers the full month

  • How much time remains on your stake lockup (exact thresholds: TBD)

Revenue Timing & Reconciliation

  • Revenue is calculated after the month ends

  • Final claimable amounts become available early the following month

Withdrawal Timeline & Expiry

  • Once revenue becomes claimable, a 90-day timer begins

  • You must withdraw your rewards within 90 days

  • Each month’s rewards expire individually on a rolling basis

Breakdown of the Staking Dashboard

Our new staking dashboard is designed to show you the following information:

  1. How much have I received?

    Monthly and lifetime staking distributions

  2. How strong is my position?

    Staking power, percentiles, and global stats

  3. Am I eligible this month?

    Account Valid status and snapshot details

  4. When do I need to act?

    Claim deadlines and expiry timers

⚠️ Important Things to Take Note of

  • Snapshot timing is fixed and cannot be backdated

  • Increasing your stake mid-month does not increase current-month rewards, but would apply to the following month.

  • Network fees may apply when withdrawing

  • Program mechanics may evolve over time

Need Help?

If you have questions about staking eligibility, snapshots, or claims, contact Magic Eden Support through our Help Centre.

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