Curvance x Kintsu: Integrating Monad Staked Assets
Curvance x Kintsu: Integrating Monad Staked Assets
Continuing our mission to provide users with the best yield farming experience in DeFi, Curvance is thrilled to unveil its latest ecosystem partnership with Kintsu_xyz, an innovative liquid staking platform designed for the Monad ecosystem. This collaboration aims to unlock new possibilities for Monad users, enhance capital efficiency, boost rewards, and optimize yield opportunities for network validators.
Intro :
Although no official release date has been announced, the launch of the Monad mainnet is steadily approaching. Touted as one of the most anticipated Layer 1 launches, Monad has gained significant backing from industry leaders such as Paradigm, Coinbase Ventures, Dragonfly, and others.
Curvance aims to establish itself as the go-to platform for users seeking the ultimate yield farming experience on Monad. To achieve this, Curvance integrates Monad yield-bearing assets into its markets, starting with Monad LST markets — a natural first choice. With support from Kintsu, one of these assets will be sMON, representing staked Monad which will pave the way for enhanced opportunities within the ecosystem.
What is Kintsu :
Kintsu is a liquid staking protocol designed for the Monad ecosystem, offering users the staked Monad asset, sMON, upon the launch of the Monad mainnet. Functioning similarly to stETH on Ethereum, sMON allows users to stake their Monad tokens to validate the network through Kintsu, earning validator rewards while simultaneously receiving a derivative asset. This asset can then be used across other DeFi applications within the Monad ecosystem, providing additional opportunities for yield.
How does this integration work with Curvance :
Curvance will enable sMON to be used as collateral within its platform, offering dedicated lending markets for users who wish to borrow against this asset. Users can take advantage of automated leverage looping strategies with sMON via the Curvance front end which will allow them to amplify their validator rewards. Depending on which pools users deposit collateral for, users will also be eligible for gauge emissions (incentive rewards), further enhancing their yield potential with Curvance.
Why is this integration important :
Given the large engagement and community that Monad has already built, it’s strong technical infrastructure, and the potential growth of it’s Defi ecosystem, it makes a lot of sense for Curvance to establish a presence with Monad liquid staked derivative assets. These assets have the potential to become some of the most important yield bearing assets in the Monad ecosystem, making it essential for Curvance to establish markets for them. Through this collaboration with Kintsu, Monad users will gain access to enhanced yield opportunities, increased rewards, and a streamlined experience for yield farming. This partnership positions Curvance as a vital tool for Monad users aiming to maximize their returns. Along with the protocol’s gauge emissions, Curvance can become the premier destination for farming yield using staked Monad.
For more information on Curvance and Kintsu, refer to:
Kintsu :
Curvance
Twitter: https://twitter.com/Curvance
Discord: https://discord.gg/curvance
Website: https://www.curvance.com/
