Liquid Staked NIBI
STNIBI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
STNIBI (Liquid Staked NIBI) functions as the liquid staking derivative of NIBI on the Nibiru blockchain, issued via Eris Protocol smart contracts. While active development demonstrates core repository tracking and basic technical infrastructure (5.5/10), the token suffers from critical structural weaknesses across other evaluation areas. Tokenomics (5.0/10) structurally couple stNIBI to NIBI via mint-and-burn mechanics, yet lack TVL transparency and contend with thin underlying bonding ratios. Market and use case metrics (2.0/10) highlight negligible adoption, characterized by a micro-cap valuation under $52,000 and daily trading volume near $100. Governance and team oversight (3.5/10) exhibit high centralization and anonymity, lacking dedicated protocol DAO controls. Crucially, Security and Audit History (4.0/10) revealed no verified third-party audit reports or security ratings, representing a substantial risk for a custody-dependent yield asset, despite a clean historical record with no documented hacks or exploits. Community Support lacked sufficient retrieved data and was excluded as a data gap (-1.0), with its weight redistributed across the remaining sections. The calculated weighted average score is 4.1/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Liquid Staked NIBI (STNIBI)
STNIBI (Liquid Staked NIBI) is a liquid staking derivative token operating on the Nibiru blockchain. Issued through smart contracts deployed by Eris Protocol, the token functions as a liquid receipt for staked NIBI. It is designed to allow users to accrue staking rewards from the Nibiru network while retaining token liquidity for trading or use across decentralized applications in the Nibiru ecosystem.
The tokenomics of stNIBI are structurally coupled to the underlying NIBI asset. Tokens are minted upon staking and burned upon redemption, meaning stNIBI does not possess an independent maximum supply, inflation schedule, or separate vesting mechanics. Yield is generated natively through staking reward accrual, and the token trades on decentralized venues such as Oku Trade.
Evaluation of the project highlights several structural and security risks alongside negligible market adoption. The smart contracts for stNIBI and Eris Protocol on Nibiru lack verified public audit reports and external security ratings. In addition, the development team operates pseudonymously, and the protocol lacks a dedicated decentralized autonomous organization (DAO) for parameter governance, pointing to centralized administrative control. The asset also exhibits very low adoption, characterized by thin liquidity, a micro-cap valuation, and minimal daily trading volume, despite maintaining an operational record with no documented hacks, exploits, depeg events, or regulatory actions.