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  1. The Kintsu Protocol

Staking and Unstaking with Kintsu

How to Stake, Un-stake, and earn yield with Kintsu

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Last updated 1 day ago

Staking with Kintsu

When a user stakes tokens with the Kintsu protocol, the experience is as follows:

  1. User initiates a stake transaction, in which they submit MON tokens to the Kintsu staking pool (a.k.a. the Vault).

  2. User receives sMON receipt tokens. The amount received depends on the current , which can be seen on the Kintsu website beforehand.

For example, if the current Redemption Ratio is 1.1 MON for every sMON, then a user who stakes 11 MON will receive 10 sMON from the Vault.

sMON tokens are fungible, and can be traded on or used as a proxy for MON in other activities on the blockchain, such as DeFi applications, Gaming, NFTs, and more.

For more technical information on how staking works behind the scenes, see Kintsu's docs on the .

Unstaking with Kintsu

Users can exchange their sMON tokens for MON tokens from the protocol. The number of Gas Tokens received depends on the Redemption Ratio at that time, with respect to the number of sMON they submit for redemption.

For example, if the current Redemption Ratio is 1.1 MON for every sMON, then a user who submits 10 sMON will receive 11 MON from the Vault.

It's important to note that when using Liquid Staking, there will be a delay between the time that a user requests to unstake MON and when they actually receive the MON. There are a few reasons for this, including native unstaking delays built into, and enforced by, the blockchain itself. The user experience is as follows:

  1. Initiation: User executes an unstaking request, specifying either how many sMON they'd like to submit, or how many MON they'd like to receive.

  2. Cooldown Period: Once the unbonding request is sent to the Validators, the users must wait for the . This is enforced by the blockchain itself, and there is no way around it.

  3. Redemption: Once the Cooldown Period is over, the user can redeem their MON tokens to their wallet.

For more detailed technical information on how this process works, see Kintsu's docs on the .

Redemption Ratio
DEXes
Cooldown Period
Staking Mechanism
Unstaking Mechanism