ShMonad

ShMonad (SHMON) presents a compelling infrastructure thesis as the premier Liquid Staking Token (LST) for the Monad blockchain, supported by FastLane Labs and top-tier investors like Multicoin Capital. The project excels in Active Development (8.5) and Tokenomics (8.5), offering a differentiated value proposition that integrates native staking yield with MEV revenue capture—a model successfully proven by Jito on Solana. The team is visible, disciplined, and actively shipping code, while Community Support (7.5) is strong, driven by an incentivized points program. However, the overall assessment is constrained by the Security and Audit History (4.5). Despite the high quality of the team, the lack of a publicly available, finalized audit report and the project's current reliance on the testnet/pre-mainnet phase introduce notable technical risks. Investors should weigh the high potential of the 'holistic yield' model against the early-stage maturity and pending security verifications.