ShMonad

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is calculated as the sum of staked, reserved, allocated capital (minus distributed), and current assets held by the Shmonad protocol.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Nov 25, 2025
   Listed on DeFiLlama

ShMonad is a Liquid Staking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on Monad. The codebase has been independently audited (1 report on file).

ShMonad is a single-chain protocol, deployed exclusively on Monad — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for ShMonad — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

ShMonad is one of 7 Liquid Staking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Lido, Binance staked ETH, Rocket Pool, and 3 more. These peer protocols collectively secure $35B in deposits, giving you a frame of reference for whether ShMonad's own TVL is at the top, middle, or tail of the category.

Lido

TVL $21.4B · 24h -0.07%

Binance staked ETH

TVL $8.6B · 24h +0.81%

Rocket Pool

TVL $1.3B · 24h +0.27%

DoubleZero Staked SOL

TVL $1.3B · 24h -0.46%

Sanctum Validator LSTs

TVL $1.2B · 24h +0.03%

Jito Liquid Staking

TVL $1.2B · 24h +0.03%