SHMON

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

TVL is deep ($10M+) at $11.12M; our risk score rates it 7.8/10 (moderate-risk) and net APR is 12.63%. 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).