sMON

sMON is a liquid-staking position on Euler: you deposit MON, receive a receipt token that accrues the validator staking yield, and stay composable across the rest of Monad DeFi.

TVL is thin (<$100k) at $21.70K; our risk score rates it 6.6/10 (moderate-risk) and the pool currently shows 0% APR (no active campaign). The exposure is a Monad LST. Your principal stays correlated to MON; the additional risks are the LST's own (slashing exposure, unbonding queue, peg drift vs MON).