Underlying asset
shMON
Issued by FastLane. The facts below were checked on the date shown, from the sources listed.
shMON is issued by FastLane. What stands behind it: staking with MEV rewards. It is valued in MON, not in dollars. It is redeemed through a queue.
Facts
- Issuer
- FastLane
- What stands behind it
- staking with MEV rewards
- Strategy
- Monad validator rewards
- Valued in
- MON
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- validators, code on chain
- Redemption
- redeems through a queue; the issuer's stated worst case is 1.6 days
- Who can change it
- a multisig (Safe) · 5 of 7 signatures · five signatures are needed 0x48a3267bcc4cf230e9bc4cae0c11eebdb9a6a687 (Monad)
a timelock · 72 h delay 0x4b7f4a4316c44b6928fb449b14bd21b9718932f3 (Monad) - Audits
- Cantina, 2026-01 (report 1)
Cantina, 2026-01 (report 2)
Guardian, 2025-12 - Bug bounty
- not found in a source that meets the standard
- Depends on
- none recorded
- Chains
- Monad
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://docs.shmonad.xyz/
https://docs.shmonad.xyz/staker-faq/
https://docs.shmonad.xyz/safety-governance
https://www.fastlane.xyz/
https://github.com/FastLane-Labs/fastlane-contracts/tree/main/audits
https://github.com/FastLane-Labs/fastlane-contracts/blob/main/audits/ShMonad%20v1.1%20-%20Cantina.pdf
https://github.com/FastLane-Labs/fastlane-contracts/blob/main/audits/ShMonad%20v1.0%20-%20Cantina.pdf
https://github.com/GuardianAudits/Audits/blob/main/FastLane%20Labs/FastLane%20Report%20with%20Comments.pdf
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Monad | 2027-03-18 | PT-shMON-18MAR2027 |
Not found
What the research has not answered for this asset, said rather than left blank.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.