Magna

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