Question 1

What does the Swap page do?

Accepted Answer

Swap lets you exchange assets across chains and bridge into Monad, via Wormhole and Mayan, so you can get MON into your wallet and stake it for sMON.

Question 2

Are there fees for swapping?

Accepted Answer

Swaps route through third-party liquidity (Wormhole / Mayan) which may charge network and routing fees. The quoted amount you receive already accounts for these before you confirm.

Question 3

Why did I receive a slightly different amount than quoted?

Accepted Answer

Cross-chain swaps settle against live liquidity, so the final amount can move slightly between the quote and settlement — this is normal slippage, bounded by the tolerance shown before you confirm.

Question 4

Why is 1 sMON not 1 MON?

Accepted Answer

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 — holding sMON gives you both your initial stake and your share of the yield earned since. This ratio never resets to 1:1, so the value of sMON relative to MON grows continuously over time.

Question 5

What are Liquid Staked Tokens (LSTs)?

Accepted Answer

Liquid Staked Tokens (LSTs) represent ownership of staked assets — in this case, MON. LSTs let you earn staking rewards while keeping your tokens liquid, meaning you can still use them across the DeFi ecosystem instead of them sitting locked up.

Question 6

How does sMON earn yield?

Accepted Answer

sMON earns yield because it represents a share of the protocol's pool of staked MON. When MON is staked with validators on Monad, the staking rewards earned are added back to this pool. As the pool grows relative to the total supply of sMON, the value of each sMON increases. sMON can also be used in DeFi to earn extra yield on top of staking rewards.

Question 7

How does unstaking work?

Accepted Answer

Unstaking sMON queues a withdrawal request for the underlying MON. Once the unlock period completes, the MON becomes claimable back to your wallet. You can view and manage pending requests from the Stake page.