Sludge Street
The Gatekeeper statue in front of the Volcano will only let you into the Volcano if you can get the key. He will give you a hint: the key is in the building for rent that is located on Sludge Street. You will find Sludge Street in Monstro City. The dilapidated house with a "For Rent" sign on it is at the left side of the street. When you enter the house, you will see "Go and Find the Secret Code!" written on the wall.
Clue Locations
Three spots in Monstro City will provide you with parts of the clue. The first is located outside of the house and to the left. Speak with the fisherman there and he will tell you that "P" is the first letter in the code. You will find a monster with a hat and sunglasses reading a book in the middle of Main Street. Speak with him and he will tell you that the next part of the code is "I." The final part of the code available from the monster listening to a boombox is in the center of Sludge Street. He will give you the letter "E."
The Code
Add up the three clues you have gathered and you will find that the secret code is "PIE." You can skip the steps necessary to procure the letters if you wish. All you need to do is click on the piece of paper on the floor of the house for rent and enter "P," "I" and "E." This makes a key appear in the middle of the hand statue in the house. Return to the Volcano and give the key to the Gatekeeper to proceed.
Rewards
Access to the Volcano area is the reward for decoding the first clue. From there, you can go on to complete the Super Moshi Missions. Rewards for completing Super Moshi Missions include exclusive Moshling pets. For example, at the end of the first mission, you will get the secret Moshling Lady Goo Goo for your Moshling collection. As a paid member, you can collect an unlimited number of Moshlings. Be aware that if you lapse on paid membership, you will be allowed a maximum of three Moshlings.