Folks Finance lists shMON, Monad’s Largest Liquid Staking Token

Folks Finance is pleased to announce the listing of shMON on xChain, the liquid staking token built by Fastlane on Monad. Users can now deposit shMON and use it as collateral, unlocking capital efficiency while staying exposed to Monad staking rewards.

shMON represents staked MON on Monad, issued by Fastlane’s liquid staking infrastructure. By holding shMON, users retain liquidity while continuing to earn staking yield, enabling them to participate more actively in DeFi without unbonding or giving up rewards.

With shMON on Folks Finance, users can put their staked Monad position to work — borrowing, reallocating liquidity, and compounding opportunities across chains. Eligible positions may also qualify for live incentives and Folks Points, further enhancing capital efficiency.

Start using shMON on Folks Finance: https://xapp.folks.finance/

Folks Finance delivers crosschain lending, borrowing, staking, and trading across leading blockchains. By combining the security and structure of traditional finance with the transparency and innovation of DeFi, Folks Finance continues to build the foundation for a global onchain economy.

Stay tuned for updates on xChain listings, incentive programs, and more by following Folks on socials: http://linktr.ee/FolksFinance.