Understanding $stM
If you stake $M tokens at @MemeX_MRC20 you will receive a receipt token called $stM. It is a LST token you can still use to play around it.
It seems that there is no direct DeFi activity possible with $stM at the moment, but I can imagine as soon as we have some DEX activity, maybe with @OfficialMemeMax , I guess we could see some $stM/ $M liquidity out there with pumped ROI from a potential $X token or maybe a token from MemeX.
Due to the fact that MemeX has planned from the beginning to let your token graduate from the bonding curve as soon as it hits 42,069M (about 2500 USD at the moment) and put it into a DEX, a decentralized exchange environment was planned from the beginning.
What has to be looked into is, if a PoM based $M token staked on @MemeCore_ORG will have automatically a LST token issued or if a separate team is prepping a LST or LRT dapp for staked $M tokens. i
What you can do with $stM
- PvP prediction Arena (earn or loose stM)
- If you loose stM in the Arena, you will need to win it back to claim your $M back.
- If there is a M/stM liquidity pairing upcoming, you could also just buy it back :)

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