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Magna Wallets is a comprehensive token allocation and staking management system that allows stakeholders to manage their locked and staked tokens through a multisig vault.
Magna Wallets overview
magna wallets

What You Can Do

ActionDescription
View AllocationSee your token allocation, staking status, and rewards
Claim RewardsClaim accumulated staking rewards
Stake TokensLock tokens in a staking contract to earn rewards
Unstake TokensRelease tokens from staking (required before withdrawal)
Withdraw TokensTransfer unlocked tokens to your wallet

Key Concepts

Vault Dashboard

When you access your Magna Wallet, you’ll see:
  • Status: Active/Inactive indicator
  • Allocation: Number of linked allocations
  • Multisig Address: Your multisig wallet address
  • Multisig Threshold: Required signatures (e.g., “3/5”)
  • Signing Wallets: Number of wallets that can sign

Allocation Statistics

Your dashboard displays these key metrics:
MetricDescription
Total AllocationComplete token allocation amount
FundedAmount funded to the vault
LockedCurrently locked tokens
Locked ValueUSD value of locked tokens
UnlockedTokens available for withdrawal

Token Breakdown

The token table shows:
  • Principal Allocation: Percentage of total allocation
  • Principal Staked: Amount currently staked
  • Current Balance: Your current token balance
  • Claimable Rewards: Rewards available to claim
  • Claimable Value: USD value of claimable rewards

Transaction Approval Flow

All actions in Magna Wallets require multisig approval:
ActionWho Creates TransactionMagna’s Role
Claim RewardsMagnaCreates & signs
Stake TokensMagnaCreates & signs
Unstake TokensMagnaCreates & signs
Withdraw TokensYouSigns at unlock time

Glossary

TermDefinition
AllocationTotal tokens assigned to your vault
StakedTokens locked in staking contract earning rewards
UnstakedTokens not in staking contract (may still be locked)
LockedTokens not yet unlocked per vesting schedule
UnlockedTokens that can be withdrawn
Claimable RewardsAccumulated staking rewards available to claim
MultisigWallet requiring multiple approvals for transactions
ThresholdNumber of required signatures (e.g., 3/5)