How It Works

Protocol Architecture & Functionality

Mission

Kintsu is a Liquid Staking Protocol. Our mission is to boost the GDP of Proof-of-Stake blockchains by allowing users to participate in on-chain activities while also benefitting from the yield-bearing staking that secures the blockchain. We do this by providing stakers with a liquid token which is backed by the blockchain's staked native gas tokens. We call this a Liquid Staking Token, abbreviated as LST .

Note: The Gas Token of Monad is MON, and the LST of Kintsu on Monad is sMON.

How it works

Kintsu improves on Delegated Proof-of-Stake by allowing users to participate without themselves having to find and choose a validator to which to delegate. To accomplish this, Kintsu pools users’ MON tokens together and delegates them across a set of participating network Validators for staking, and gives those users sMON tokens (the collateral) that can be used to redeem their staked MON at any time. The protocol maintains a decentralized list of participating validators, routes staking requests to them, and facilitates redemption requests on behalf of the user.