LST Quick Swap

Liquid Staked Tokens (LSTs) represent ownership of staked assets, typically cryptocurrencies like Monad (MON). LSTs let users earn staking rewards while keeping their tokens liquid—meaning they can still use these tokens across the decentralized finance (DeFi) ecosystem.

LSTs offer three key advantages over traditional staking: - Liquidity: Unlike traditional staking where tokens are locked up, LSTs let users freely transfer and use their tokens while earning staking rewards. - DeFi Integration: Users can stake their tokens and participate in DeFi activities like lending and trading at the same time, maximizing potential returns across platforms. - Capital Efficiency: Users can put their staked assets to work as collateral for borrowing or providing liquidity, making their capital work harder.

sMON earns yield because it represents a share of the protocol's pool of staked MON. When MON is staked with validators on the Monad blockchain, 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. Additionally, sMON can be used in DeFi to earn extra yield beyond the staking rewards.

sMON represents staked MON and earns yield over time, which causes its value to increase relative to MON. The protocol uses an Exchange Rate to reflect the difference in supply, as MON staking rewards are added to the total pool of staked MON. This means that holding sMON gives users access to both their initial MON and the yield earned

Composable Yield means that sMON tokens, while earning staking rewards, can also be used across various DeFi protocols for activities like trading, lending, and gaming. Because sMON is fungible and fully backed by staked MON, it retains its value while being integrated into other protocols, allowing users to benefit from both staking rewards and additional DeFi returns. Holders can redeem sMON for MON at any time (subject to the network's built-in redemption delay) or swap them for MON on a DEX.

Yes, you can unstake your MON at any time, but there is a built-in redemption delay period that you need to be aware of. This delay is a security feature designed to protect the network. During this period, your unstaking request is processed, and once completed, you'll receive your MON tokens back. Alternatively, if you need immediate liquidity, you can trade your sMON directly on supported DEXs without waiting for the unstaking period.

Yes, Kintsu is an open-source project. We believe in the power of community collaboration and transparency. You can find our codebase and relevant documentation on our GitHub repository.

While staking and using LSTs can provide various benefits, some common risks include: 1. Volatility: The value of staked assets and LSTs can fluctuate 2. Security: As with any blockchain-based activity, there are inherent security risks 3. Smart Contract Risks: LSTs rely on smart contracts, and vulnerabilities can lead to losses, though audits mitigate these risks

Yes, ensuring the security of our users' funds and the integrity of our protocol is of utmost importance to us. Kintsu used pre-audited code from smart contract libraries such as Open Zeppelin. Additionally, the code will be open-sourced so the community is able to both audit and contribute.

There are several ways to get involved with Kintsu: 1. Stake MON: Participate in liquid staking by depositing your MON tokens to earn staking rewards while maintaining liquidity through sMON tokens. 2. Participate in governance: Get involved in shaping the future of Kintsu by staking KSU tokens, voting on proposals, or delegating your voting power. 3. Become a Validator: Help secure the network by running a validator node. 4. Join the Community: Engage with the Kintsu community by participating in discussions. 5. Contribute to Development: If you are a developer, you can contribute to the development of the Kintsu protocol.

Kintsu welcomes feedback and encourages community contributions to improve the platform. Join the official Kintsu community forums and participate in discussions.

To stay informed about the latest news, updates, and developments from Kintsu, we recommend: 1. Following our official social media channels 2. Tracking our Gitbook 3. Checking our Documentation, which is regularly updated.