Kintsu Staked MonadsMON Price

KintsuKintsu is a composable liquid staking protocol designed for the Monad blockchain that enables users to stake MON while retaining full liquidity through its liquid staking asset, sMON.

sMON represents a share of the total pool of staked MON. The staked MON earns yield over time in the form of more MON, so the amount of MON in the pool grows relative to the amount of sMON outstanding. As this happens, each sMON token represents more MON in the pool. This means that holding sMON gives users access to both their initial staked MON and their share of the new MON earned as yield. This ratio never resets to 1:1, so the value of sMON relative to MON grows continuously over time.