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Contract Addresses & System Parameters

This page provides the key addresses and current parameter values for the shMonad protocol.

Contract Address​

shMonad (shMON) Token:
0x1B68626dCa36c7fE922fD2d55E4f631d962dE19c

Use this address when:

  • Adding shMON to your wallet
  • Interacting with the protocol directly
  • Integrating shMonad into other applications
  • Verifying transactions on block explorers

Time Parameters​

Traditional Unstaking Wait Period
4 to 5 epochs (~27.5 hours minus elapsed time in current epoch)

The actual waiting time depends on when you initiate your unstake within the current epoch. Requests made early in an epoch may complete faster, while those made late in an epoch will take the full duration.

Liquidity Parameters​

Atomic Unstaking Pool Target Allocation: 2%
The protocol targets maintaining approximately 2% of total equity as instantly-withdrawable liquidity in the atomic unstaking pool.

This target may be adjusted over time to balance instant withdrawal availability with staking efficiency. The actual allocation may temporarily vary above or below the target as the protocol rebalances across epochs.

Validator Revenue Smoothing Duration: 2 epochs

When allocating stake to validators, shMonad smooths revenue by taking the average over the last 2 fully completed epochs.

Safety Parameters​

Circuit Breaker Slashing Threshold: 7%
If any validator experiences an unexpected loss exceeding 7% of total protocol equity, the circuit breaker activates to prevent potential cascading issues.

Note: Slashing is not currently active on Monad. This parameter serves as a future-proofing safety mechanism.

Fee Parameters​

Protocol Commissions​

Staking Rewards Commission: 5%
Applied to validator staking rewards before distributing to shMON holders.

MEV and Other Rewards Commission: 5%
Applied to MEV revenue, ACE revenue, and other non-staking revenue before distributing to shMON holders.

These commissions fund protocol development, operations, and future enhancements. The remaining 95% of all revenue increases the value of shMON tokens.

Atomic Unstaking Fees​

Base Fee: 0.005%
The minimum fee charged even at zero pool utilization.

Fee at Maximum Utilization: 1.005%
The maximum fee charged when the atomic pool reaches 100% utilization.

Fee Calculation:
The actual fee you pay varies linearly between the base fee and maximum fee based on current pool utilization. At 50% utilization, the fee would be approximately 0.505%.

Important Notes​

Parameter Updates:
These parameters may be updated by protocol governance to optimize performance or respond to changing network conditions. Major changes are typically announced in advance through official channels.

Verification:
All parameters can be verified on-chain by querying the shMonad contract. The contract code is open source and available for audit.

Current as of:
November 2024. Check official channels for the most recent parameter values.

Additional Resources​

  • Block Explorer: View the shMonad contract and verify all transactions at your preferred Monad block explorer
  • Discord: Join discord.fastlane.xyz for real-time updates
  • X (Twitter): Follow @0xFastLane for announcements

Always verify addresses through official sources before interacting with the protocol.