One standout undertaking that has lately launched on the Monad and MegaETH testnets is Mynt, a decentralized stablecoin protocol that leverages zero-knowledge proofs for personal steadiness verification.
Should you’re trying to place your self for a future token drop whereas getting early publicity to Monad and Succinct’s zk-tech stack, right here’s a step-by-step information on the way to work together with Mynt and probably qualify for rewards.
What Is Mynt?
Mynt is a decentralized stablecoin protocol that permits customers to mint USDm, a stablecoin pegged to the U.S. greenback, by depositing ETH or MON (Monad’s native token) as collateral. The undertaking is constructed with Succinct’s SP1 zero-knowledge digital machine, enabling customers to confirm off-chain balances privately and work together with DeFi protocols in a quicker, gas-efficient method.
Mynt’s integration with Monad and MegaETH places it on the intersection of three main narratives: modular zero-knowledge tech, new L1 experimentation, and privateness in DeFi. Although no official airdrop has been confirmed but, the undertaking’s early-phase testnet launch and Web3-native ethos recommend that an incentives program might arrive quickly.
Why Mynt?
By partaking with Mynt by testnet interactions, customers could also be positioning themselves for not only one – however three potential airdrops. Right here’s why:
Mynt continues to be within the early testnet part with no token launched but. Early customers typically obtain retroactive rewards.Monad, a next-generation L1 presently in improvement, may reward early testnet customers or lively contributors in its ecosystem.MegaETH can also introduce its personal rewards program because it scales, and pockets exercise on its testnet may qualify.
Thus, interacting with Mynt offers publicity to a promising zk-stablecoin undertaking and two underlying L1 ecosystems.
Step-by-Step Information to Farming Mynt on Monad Testnet
Comply with these steps to check out Mynt on both Monad or MegaETH testnet. The method is easy and user-friendly, even for customers with out in depth zk expertise.
Step 1: Go to the Mynt dApp
Head to the official Mynt dApp right here.
Guarantee your EVM-compatible pockets (like MetaMask, OKX Pockets…) is linked and prepared for testnet use.
Step 2: Select Your Chain: Monad or MegaETH
Upon loading the app, you’ll see two choices:
Monad on the leftMegaETH on the fitting
Each chain are reside testnets. Select one based mostly in your desire or attempt each for broader interplay.
Step 3: Mint USDm by Depositing Collateral
You may mint the native stablecoin USDm by depositing both:
Guarantee you have got testnet MON or ETH, which you’ll be able to typically purchase through official testnet taps.
The protocol will compute the collateral ratio and permit you to mint a corresponding quantity of USDm.
Step 4: Wrap Your Tokens
When you’ve minted USDm, navigate to the “Wrap” tab on the top-left menu of the interface.
This characteristic permits customers to wrap their tokens for cross-chain motion and extra privateness safety. Wrapping can also sign deeper protocol utilization – typically a key metric for airdrop qualification.
Step 5: Repeat Interactions Throughout Each Chains
Though utilizing one chain is enough to check the product, repeating steps on each Monad and MegaETH might enhance your possibilities of being eligible for a future factors program or retroactive rewards.
Additionally, discover totally different actions like partial collateral redemption, token wrapping, and testnet governance (if obtainable) to maximise your pockets’s exercise.
Conclusion
The convergence of privateness, scalability, and stablecoin utility makes Mynt one of many extra attention-grabbing zk-DeFi experiments to look at in 2025.
By taking a couple of minutes to work together with the protocol at the moment, you’re not solely gaining publicity to cutting-edge infrastructure but in addition probably positioning your self for a significant airdrop.
Whether or not you’re bullish on Monad’s L1 design or inquisitive about how zkVMs will reshape DeFi, diving into Mynt is a low-risk, high-upside alternative price contemplating.
Learn extra: Monad Airdrop Information: the Best Method to Unlock your Rewards
