One standout project that has recently launched on the Monad and MegaETH testnets is Mynt, a decentralized stablecoin protocol that leverages zero-knowledge proofs for private balance verification.
If you’re looking to position yourself for a future token drop while getting early exposure to Monad and Succinct’s zk-tech stack, here’s a step-by-step guide on how to interact with Mynt and possibly qualify for rewards.
What Is Mynt?
Mynt is a decentralized stablecoin protocol that allows users to mint USDm, a stablecoin pegged to the U.S. dollar, by depositing ETH or MON (Monad’s native token) as collateral. The project is built with Succinct’s SP1 zero-knowledge virtual machine, enabling users to verify off-chain balances privately and interact with DeFi protocols in a faster, gas-efficient manner.
Mynt’s integration with Monad and MegaETH puts it at the intersection of three major narratives: modular zero-knowledge tech, new L1 experimentation, and privacy in DeFi. Though no official airdrop has been confirmed yet, the project’s early-phase testnet launch and Web3-native ethos suggest that an incentives program may arrive soon.
Why Mynt?
By engaging with Mynt through testnet interactions, users may be positioning themselves for not just one – but three potential airdrops. Here’s why:
Mynt is still in the early testnet phase with no token launched yet. Early users often receive retroactive rewards.Monad, a next-generation L1 currently in development, could reward early testnet users or active participants in its ecosystem.MegaETH may also introduce its own rewards program as it scales, and wallet activity on its testnet could qualify.
Thus, interacting with Mynt provides exposure to a promising zk-stablecoin project and two underlying L1 ecosystems.
Step-by-Step Guide to Farming Mynt on Monad Testnet
Follow these steps to try out Mynt on either Monad or MegaETH testnet. The process is straightforward and user-friendly, even for users without extensive zk experience.
Step 1: Visit the Mynt dApp
Head to the official Mynt dApp here.
Ensure your EVM-compatible wallet (like MetaMask, OKX Wallet…) is connected and ready for testnet use.
Step 2: Choose Your Chain: Monad or MegaETH
Upon loading the app, you’ll see two options:
Monad on the leftMegaETH on the right
Both chain are live testnets. Choose one based on your preference or try both for broader interaction.
Step 3: Mint USDm by Depositing Collateral
You can mint the native stablecoin USDm by depositing either:
Ensure you have testnet MON or ETH, which you can often acquire via official testnet faucets.
The protocol will compute the collateral ratio and allow you to mint a corresponding amount of USDm.
Step 4: Wrap Your Tokens
Once you’ve minted USDm, navigate to the “Wrap” tab on the top-left menu of the interface.
This feature allows users to wrap their tokens for cross-chain movement and additional privacy protection. Wrapping may also signal deeper protocol usage – often a key metric for airdrop qualification.
Step 5: Repeat Interactions Across Both Chains
Although using one chain is sufficient to test the product, repeating steps on both Monad and MegaETH may increase your chances of being eligible for a future points program or retroactive rewards.
Also, explore different actions like partial collateral redemption, token wrapping, and testnet governance (if available) to maximize your wallet’s activity.
Conclusion
The convergence of privacy, scalability, and stablecoin utility makes Mynt one of the more interesting zk-DeFi experiments to watch in 2025.
By taking a few minutes to interact with the protocol today, you’re not only gaining exposure to cutting-edge infrastructure but also potentially positioning yourself for a meaningful airdrop.
Whether you’re bullish on Monad’s L1 design or curious about how zkVMs will reshape DeFi, diving into Mynt is a low-risk, high-upside opportunity worth considering.
Read more: Monad Airdrop Guide: the Easiest Way to Unlock your Rewards
