Magiceden $ME Lockups, Staking Power And Withdrawal Conditions

Staking Power, XP Rewards and Governance

A $ME stake contributes Staking Power to staking rewards and Voting Power to governance, linking those functions to a fixed token commitment. The amount that a wallet stakes and its chosen duration influence Staking Power. The Rewards dashboard displays the total staked, multiplier and unlock date. Those fields describe the tokens committed and the weight that the staking system assigns them. Governance gives stakers voting rights over proposals in the $ME ecosystem. The vote concerns a proposal; the token lockup concerns access to the committed balance.

Eligible marketplace activity also earns XP without requiring a $ME stake. NFT trading, Lucky Buy and opening Packs belong to that activity system. XP and level progress reset monthly, and unclaimed activity rewards expire at that reset. Locking tokens solely to access XP would impose a withdrawal restriction that this activity system does not require. Staking revenue and activity rewards therefore have different participation conditions, even though both appear within Rewards.

Can You Withdraw $ME Before the Lockup Ends?

You cannot withdraw staked $ME before its stake end date. The restriction applies to the committed tokens, while unstaked balances remain outside that staking lock. When opening a new stake, a shorter available term establishes an earlier release date than a longer term. Once the commitment starts, a change in the market value of $ME does not cancel its withdrawal restriction.

Top-Ups and Extensions Within One Wallet

Each wallet has one active stake timeframe, so additional deposits cannot carry independent durations within that wallet. Different lockup periods require separate wallets. Linking those wallets can combine their Staking Power under one Rewards account, while each wallet retains its own staking commitment.

Changes to an Existing Stake

Adding $ME

Additional $ME joins the existing lockup. A top-up without a duration extension increases the amount of $ME committed under the existing term, so the added tokens share the withdrawal boundary that already governs the $ME in that wallet’s active stake.

Extending The Term

Extending a stake’s duration applies the longer lockup to tokens already staked. The extension also increases the duration multiplier. Any additional tokens included in that change follow the extended term. The preview’s end date consequently concerns the existing balance as well as the new deposit.

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Funding and duration change different inputs to Staking Power. Changes in Staking Power do not retroactively reweight earlier reward activity. Before confirming a change, review the total staked, multiplier and stake end date. A larger token amount and a later release date represent separate changes, even when one staking adjustment includes both.

How Does a Lockup Affect Monthly Revenue Eligibility?

A $ME stake must remain valid throughout the revenue month to qualify for that month’s staking rewards. Stakes that expire during the month do not qualify. The dashboard’s Account Valid indicator reports monthly eligibility.

Snapshot Timing

A snapshot before the month begins fixes the eligible Staking Power for that allocation. Changes afterward do not increase that month’s rewards. A longer lockup entered after the snapshot cannot backdate the recorded position.

Revenue Allocation

$USDC revenue rewards reflect each participant’s share of total eligible Staking Power. The pool size and competing staking power affect payouts, so the multiplier alone cannot establish a fixed return.

Revenue calculation follows the month’s end, with final claimable amounts available early the following month. A displayed earnings estimate has a different status from a final claimable amount.

Token Access Across Staking Choices

Unstaked $ME carries no staking lock, whereas a new stake establishes an end date for the committed balance. Existing stakes constrain the top-up and extension choices available within that wallet.

Earlier access and a larger duration multiplier answer different priorities. An unstaked balance remains available within the staking rules, while a committed balance continues to face changes in token value throughout its lockup. An NFT sale, royalty payment or increase in marketplace activity does not substitute for the end date governing that $ME stake.

Unlock Dates, Reward Claims and Wallet Access

An unlock date permits withdrawal of the staked principal; it does not prove that the wallet already received it. The Rewards interface includes a withdrawal action for matured $ME. A completed withdrawal returns the tokens to their owner. An expired countdown establishes time eligibility, while the completed transfer establishes receipt.

Monthly revenue rewards have separate claim deadlines. Each distribution’s expiry timer starts when that reward becomes claimable. Unclaimed rewards expire when that timer ends. This deadline concerns reward collection, not the staked principal’s unlock date. The dashboard shows the deadline for each distribution.

Wallet control remains necessary after a stake matures. Magiceden ended support for its former Wallet and Account Wallets in April 2026. Importing the staking address’s previously exported Solana private key into a compatible wallet that supports private key imports lets you manage the same address. The application changes, while the wallet address and existing $ME commitment stay the same. Keeping that key private protects control of the address. Linking a Rewards account cannot replace the private key that controls the staking wallet’s $ME.