Staking on L1s usually sucks because your capital just sits there, locked. You're basically sidelined while the DeFi ecosystem takes off.
@Kintsu fixes this on @monad
Swap that frozen $MON for $sMON and you’ve got a liquid pass to the whole eco.
The numbers are actually wild:
- 200M $MON & 100.2M $WMON in TVL already
- 2.8k+ holders aren't waiting around
What to do with your $sMON?
⤷ Lend/borrow: collateral on @Morpho , @Curvance , or @eulerfinance
⤷ Trade/LP: farm on @Uniswap , @KuruExchange @LFJ_gg
⤷ Gaming: built right into ICM auctions and apps
Your $MON stays staked, while your $sMON grinds in DeFi!
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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