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Liquid Staked Nibiru (stNIBI) ​

Liquid Staked NIBI (stNIBI) is a fungible, staked variant of the Nibiru token, NIBI. When users liquid stake their NIBI tokens using the Eris Protocol smart contracts, they receive stNIBI in return. This approach allows users to bolster network security and earn staking rewards while maintaining liquidity and the ability to explore DeFi opportunities.

In this SectionSynopsis
Benefits of Liquid StakingUnderstand the rationale behind stNIBI.
Guide: How to Liquid Stake on NibiruStep-by-step instructions on liquid staking.
Onchain Addresses and Denomination for stNIBIBank denom and Nibiru EVM contract for stNIBI.
Where Can You See stNIBI in Your Wallet?View and manage stNIBI holdings.
How to redeem NIBI from your stNIBIConvert stNIBI back to NIBI.

The Problem ​

In many Proof-of-Stake (PoS) protocols, staking involves locking your tokens for extended periods of time in exchange for predictable rewards and access to participate in decentralized governance. While this approach can provide returns denominated in those tokens, locked staking means you cannot easily trade the capital or use it in applications.

Solution: Liquid Staking with stNIBI ​

Liquid staking through stNIBI addresses these limitations. You earn rewards and help secure the network while holding a liquid token. When you liquid stake NIBI through Eris Protocol, you receive stNIBI, which you can trade or use across the Nibiru ecosystem while staking rewards accrue.

  1. Maintain liquidity — Use stNIBI in Nibiru applications while the underlying NIBI remains staked.
  2. Auto-compounding — Rewards increase the NIBI value redeemable per stNIBI over time.
  3. Simplified experience — No need to manually claim and restake rewards for liquid staked positions.
  4. Enhanced security — More staking participation strengthens network security.
  5. Ecosystem growth — Use stNIBI as collateral, in liquidity pools, or in other DeFi integrations.
  6. Risk mitigation — Eris Protocol spreads stake across multiple validators.

Onchain Addresses and Denomination for stNIBI ​

These identifiers match the Nibiru token registry (official_bank_coins.json and official_erc20s.json).

RepresentationAddress or denomination
Bank Cointf/nibi1udqqx30cw8nwjxtl4l28ym9hhrp933zlq8dqxfjzcdhvl8y24zcqpzmh8m/ampNIBI
ERC20 on Nibiru EVM0xcA0a9Fb5FBF692fa12fD13c0A900EC56Bb3f0a7b

stNIBI on Nibiru is available as a bank coin (Wasm/IBC) and as an ERC20 on Nibiru EVM via FunToken mapping. See also the stNIBI token page.

Security and Audits ​

Security of Eris Protocol, which issues stNIBI and coordinates validator selection, is a top priority. Multiple audits cover the contracts deployed on Nibiru:

  1. Oak Security. 2023-02-15. Audit Report - Eris Protocol v1.0.pdf
  2. SCV-Security. 2022-09-23. Eris Protocol - Amplified Staking - Audit Report v1.0.pdf
  3. SCV-Security. 2023-03-28. Eris Protocol - Tokenfactory Contract - Audit Report v1.0.pdf

Common Questions on stNIBI ​

Where Can You See stNIBI in Your Wallet? ​

You can view stNIBI as a bank coin in IBC wallets (for example Keplr or Fox) when the asset is registered, or as an ERC20 in MetaMask on Nibiru EVM. The staking web app lists liquid staked balances on the Liquid tab.

stNIBI exists as a Bank Coin and as a canonical ERC20 on Nibiru EVM. To import the ERC20 in MetaMask, see Token Addresses (Nibiru EVM).

How to redeem NIBI from your stNIBI ​

  1. Instant liquidity — Sell or swap stNIBI on a market that lists it.
  2. Unstaking — Redeem stNIBI through Eris Protocol or the Nibiru staking app to receive underlying NIBI (subject to unbonding time).