LVMON lets you put MON to work without selling it. Mint LVMON with your MON, stake it to earn yield from Monad POS rewards — and keep the option to use it as collateral for trades at any time.

What This Guide Covers

  • What LVMON is and how you get it
  • How to stake LVMON and start earning yield
  • How to view your rewards
  • How to unstake and redeem back to MON
  • How to use LVMON as trading collateral

Before You Start

  • You hold MON in your wallet on Monad mainnet
  • You've read How to Use AnyCollateral if you plan to trade with LVMON as collateral

What Is LVMON

LVMON is LeverUp's MON ecosystem synthetic token. All MON-collateral positions on LeverUp are denominated and settled in LVMON. You can mint LVMON directly using MON, then stake it to earn yield generated from Monad's POS reward infrastructure.

LVMON has two uses:

  1. Earn staking yield — from Monad POS rewards routed through the protocol vault
  2. Use as collateral — open leveraged positions directly with LVMON, without unstaking first

For the full explanation of how LVMON fits into LeverUp's design, see LVMON Staking Is Live.

Where to Find the LVMON Interface

Go to app.leverup.xyz and navigate to the LVMON page. You'll see two tabs at the top:

  • LVMON Stake — stake, unstake, and view your rewards
  • Mint & Redeem — mint LVMON using MON, or redeem LVMON back to MON

Step 1: Get LVMON

LVMON enters your wallet when you open and close a position using MON as collateral. When you close a MON-collateral position, the protocol settles it in LVMON — that's the LVMON you then stake.

To open a MON-collateral position:

  1. Navigate to the LVMON page and select the Mint & Redeem tab
  2. Under the Mint sub-tab, click Open Position — this takes you to the trading interface
  3. Open a position with MON as collateral, then close it to receive LVMON as settlement

Once you have LVMON in your wallet, it doesn't earn yield until you stake it.

Step 2: Stake LVMON

  1. Select the LVMON Stake tab
  2. Under the Stake sub-tab, enter the amount of LVMON in the Pay Total field
  3. Click Approve to authorize the contract, then confirm the stake transaction

Once staked, your position appears under My Position with three fields:

  • Total Staked — your active staked balance
  • Current Rewards — rewards accrued since the last distribution
  • Cumulative Rewards — total LVMON earned across all distributions

How Rewards Work

Staking yield comes from Monad POS Rewards — the protocol deploys the vault's MON into Monad's liquid staking infrastructure (currently dMON) and routes the resulting yield back to LVMON stakers.

Rewards are distributed in LVMON on a regular schedule (approximately every 6 hours). The distribution amount and timing are shown in the Staking Interest panel at the bottom of the page:

  • Last distribution — amount and time of the most recent payout
  • Next distribution time — when the next payout is scheduled
  • Realtime amount — rewards currently accruing
  • Estimated full-cycle amount — projected reward for the current distribution cycle

Note on yield rate: The APY shown is a 1-day average. Only staked LVMON participates in yield distribution, but the vault earns on the total MON deposited. If not all LVMON is staked, active stakers receive a proportionally larger share — so effective APY changes as the staked fraction changes over time.

How to Unstake

  1. On the LVMON Stake tab, select the Unstake sub-tab
  2. Enter the amount of LVMON to unstake
  3. Confirm the transaction — LVMON returns to your wallet

How to Redeem LVMON Back to MON

After unstaking, you can convert LVMON back to MON:

  1. Select the Mint & Redeem tab
  2. Choose Redeem or Fast Redeem
  3. Enter the LVMON amount and confirm

Redeem vs Fast Redeem:

  • Redeem — standard redemption; may go through a short unbonding window depending on vault utilization
  • Fast Redeem — instant, no unbonding wait, but subject to a daily quota (1M LVMON per day, resets every 24 hours). If the daily quota is exhausted, you'll need to wait for the next reset or use standard Redeem instead. Fees are currently 0 MON but the fee structure may change — always check the interface before confirming.

Using LVMON as Collateral When Trading

You can use LVMON as margin for perpetuals positions without unstaking first. Your staking position stays active while LVMON works as collateral simultaneously.

When opening a trade:

  1. In the order panel, open the collateral selector
  2. Choose LVMON from the dropdown
  3. The panel applies LVMON's Collateral Ratio (CR) to calculate your available margin

Example: If LVMON has a CR of 70% and you use $100 worth of LVMON, your available margin is $70.

For a full explanation of Collateral Ratio, see How to Use AnyCollateral.

Things to Be Aware Of

LVMON tracks MON's price. If MON falls in value, your LVMON collateral is worth less — tightening your liquidation price even if your traded market hasn't moved against you.

Using LVMON as collateral for a Long MON position = double exposure. Your collateral and your position both track MON. A drop in MON hits you from both sides simultaneously.

Collateral Ratio is set by the protocol and may change. Always check the current CR shown in the order panel when opening a trade.

Staking yield is not fixed. APY shown is a 1-day average and changes as vault activity, Monad POS reward rates, and the staked fraction of LVMON all fluctuate.