What is it?
Magna builds a platform to make it easy for protocols to manage employee vesting, investor unlocks, community airdrops and large-scale claims, and net-of-tax distributions via their Rippling integration.
Magna supports on-chain lockups or off-chain schedule management for direct distributions from treasury to the recipient on Ethereum, other EVM chains, Solana, and Aptos.
Magna currently has a TVL of $2B and supports over 100+ customers.
What problem does it solve?
Rather than building your own smart contracts and trying to handle these tasks yourself, Magna provides battle tested smart contracts with a sleek interface. Magna saves you time and gives you peace of mind that your tokens are being properly managed.
Feature Highlights
- Pre-Launch Management
- Manage your legal agreements (SAFTs, token warrants, token grants) and communicate the value of your future token.
- Token vesting for team investors
- Upload your various stakeholders
- Track complex unlock and vesting schedules for contributors or investors
- Distribute net-of-tax withholding via our HRIS integrations
- Automate on-chain unlocks or track off-chain to manually distribute
- Custom Claim Portal
- Set up a custom claim page for large-scale claims, whether one-time or on an unlock schedule.
- Scales up to 1M recipients via a white-labeled, custom-branded experience.
- Multi-Signature Support
- Full control over every on-chain action with custom action permissioning, through integrations with Gnosis Safe, Squads, and other wallet providers.
How it works
See walkthrough video of Magna’s