01
Staking rewards
Base issuance for securing Monad. The durable floor under the yield.
Monad Liquid Staking,boosted by MEV Rewards
shMON earns staking rewards plus revenue from FastLane's MEV protocol, already routed by 119 of 200 Monad validators.
shMON staking APYLive
12.2%
Updates with network activity + MEV auctions.
74%
of total Monad LST TVL
68%
validator adoption by stake weight
Live from the FastLane sidecar API and DefiLlama
Yield sources
Four yield streams, benchmarked against liquid staking peers
02
MEV revenue
The FastLane sidecar auctions off transaction ordering to searchers, enabling validators and shMON holders to capture MEV.
03
Chainlink SVR liquidation revenue
Through the Chainlink partnership, a portion of oracle-related liquidation MEV flows to shMON yield.
04
Atomic unstaking fees
Instant-exit demand pays a 0.005% to 1% fee that accrues to the protocol and its holders.
Native-denomination staking benchmarks
Live LST yields from DefiLlama across the broader crypto ecosystem.
stETHLido stETHLive
2.3%mSOLMarinade mSOLLive
7.1%shMONstaking plus MEVLive
12.2%Yield
7-day rolling average.
Security
Built for security
Protocol safeguards include multisig controls, timelocks, circuit breakers, public audits, and source-available infrastructure.
5-of-7 Multisig
Geographically distributed signer set, with each signer using a cold wallet for protocol upgrades.
Dedicated Devices
FastLane participates in Monad's Dedicated Device Program.
Timelocked Upgrades
Onchain timelocks provide review time before upgrades execute.
Circuit Breakers
Circuit breakers stop deposits and withdrawals if they would move the shMON exchange rate in an unexpected way.
Investors & Partners
Backed by crypto infrastructure investors
FastLane Labs has raised $8.9M from leading crypto investors, with participation from Monad ecosystem-aligned validators, exchanges, and key operators.
ChainlinkChainlink strategic partnership
FastLane built Atlas, the auction infrastructure powering Chainlink Smart Value Recapture. On Monad, the same system captures oracle-related MEV and routes it into the shMON yield stack.
MEV Ecosystem
Live MEV auctions on Monad
119 of 200 validators already route their blocks through FastLane.
Total Auctions
Cumulative auctions since inception
Weekly
Total Bids
Cumulative bids paid, MON
Weekly
For validators
Run the sidecar to auction transaction ordering from your blocks to earn MEV.
For searchers
Integrate the Auction Handler contract to submit MEV bids on Monad for top-of-block or backrun opportunities.
- The auction is fully public and onchain
- Leader API indicates if upcoming blocks support the FastLane auction
DeFi
Productive MON collateral for Monad DeFi
shMON keeps MON liquid, composable, and earning while it moves through Monad DeFi.
Lend
Supply shMON to Monad lending markets and stack lending yield on top of staking and MEV yield.
LP
Provide shMON liquidity across AMMs and order books while it keeps earning yield.
Borrow
Post shMON as collateral and borrow against liquid MON exposure while keeping the underlying yield engine intact.
Hold
Hold MON-denominated working capital in a yield-bearing, composable token.
Aave listing is pending governance. If approved, shMON can become collateral for allocators who want MON exposure that keeps earning.
More from FastLane
shMON powers a growing product suite
Products that feed composability, yield, and TVL back to shMON.
Stablecoin yield · Built with Li GomezUSDC
Smart Vault
USDC strategy built on the shMON yield stack. The vault earns shMON yield while hedging out MON exposure across Euler and Curvance.
- Actively managed risk. Automated monitoring and rebalancing manage liquidation risk.
- Deepens shMON. Every dollar in stakes more MON, adding TVL and yield flow to the core protocol.
Yield donationhMON
hMON
Coming Soon...
Diligence
FAQs
Is shMON just a wrapper for MON?
No. shMON earns multiple revenue streams: staking rewards, MEV from the FastLane auction, Chainlink SVR liquidation recapture, atomic unstaking fees, and the hMON donation lift. Its redeemable MON value rises as those accrue.
Am I taking MON price risk?
Yes. shMON is MON-denominated exposure that earns staking and MEV-backed revenue. For market-neutral USDC yield on the same stack, see the Smart Vault.
How liquid is an exit at size?
Traditional unstaking settles free in about 24 hours. Atomic unstaking is instant for a 0.005% to 1% fee, so a desk can model exit cost against position size.
Can the contracts change after I hold shMON?
Yes. Upgrades require a 5-of-7 geographically distributed multisig, with each signer on a dedicated device, and execute only after a timelock expires.
What happens if FastLane stops operating?
shMonad is an onchain smart contract protocol where holders self-custody a standard ERC-4626 position. The FastLane MEV protocol consists of a smart contract and validator sidecar, and does not rely on external block builders or relays for the auction path.
What is MEV?
MEV is value created by controlling transaction ordering inside a block. Searchers pay through auctions to secure execution for opportunities like arbitrage, liquidations, and backruns.
What is a searcher?
A searcher is an individual or trading firm that competes in MEV auctions. Searchers scan markets for profitable execution opportunities, then bid for block space to capture them.