ShMonad (SHMON)

ShMonad (SHMON) is a liquid staking token built on the Monad blockchain that enables users to stake their MON tokens and receive shMON in return. This innovative approach allows individuals to earn additional rewards, including MEV (Maximal Extractable Value) rewards, while their underlying MON tokens remain safely staked within the network. The design of ShMonad ensures that liquidity is maintained, making it possible for users to trade, transfer, or utilize their shMON tokens in various DeFi protocols without losing access to their staked assets.

The functionality of ShMonad extends into the realm of policy vaults, where users can commit their shMON tokens for specific decentralized applications (dApps). This commitment allows for guaranteed fund availability, facilitating participation in protocol interactions during the asynchronous execution of the Monad network. Each policy vault is tailored to different protocols, enabling users to strategically allocate their funds and ensure that they can engage with their preferred applications when desired.