According to WuSay, the liquidity staking agreement Kintsu announced the completion of a $4 million seed round of financing, led by Castle Island Ventures, with participation from Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings and Animoca Ventures.

It is reported that Kintsu is building a liquid staking protocol on the Monad blockchain and plans to launch the sMONAD liquid staking token in the first week after the Monad mainnet goes live.