SMON

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

TVL is healthy ($1M+) at $2.64M; our risk score rates it 7.5/10 (moderate-risk) and net APR is 11.24%. 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).