StakedMonad Contract
This is the core contract for the protocol, and implements the Vault (a.k.a. the Kintsu stake pool).
Overview
The StakedMonad
contract - also known as the "vault" or the "Kintsu stake pool" - sits at the heart of the Kintsu Liquid Staking process. This contract is the user-facing entry point to the Kintsu Protocol, and serves a number of functions:
Core functionality: The
StakedMonad
contract is the core contract of the sMON token. It is an ERC-20 token contract with extended functionality.User entry point: The
StakedMonad
contract is the user-facing interface to the protocol. Users who want to participate in staking yield can deposit MON to theStakedMonad
contract and receive sMON tokens in return. Users can also request to redeem their sMON for staked MON along with their pro-rata share of the yield accrued by the protocol.Orchestrates staking delegation & redemption: The
StakedMonad
contract delegates staking tokens to, and interfaces with, Validators, according to the Target Weights . This is done using Kintsu's Constant Retargeting Algorithm.Calculates Protocol Fees: The
StakedMonad
contract calculates and stores Virtual Shares used to facilitate protocol Management Fees. For more information, see the docs on Governance & Management Fees.Inherits the Registry Interface: The
Registry
interface maintains a list of Validators that are actively participating in the Kintsu protocol, along with a set of Target Weights for allocation of staked MON to those Validators.
Registry Interface Variables
Target Weights
These weights represent the target percentage of the total amount of staked MON allocated to each Validator. These target weights are meant to uphold decentralization of the protocol, and will be controlled by Governance in a decentralized way.
Last updated