# xPRISM Token

xPRISM is a yield-bearing token received when users stake PRISM. xPRISM utilizes an accrual token model (price compounding) and is implemented as an ERC-4626 vault (accrual/price-compounding) on Ethereum.

xPRISM is available to all users. Staking is instant. Unstaking follows a T+3 unstaking queue.

xPRISM has a forecasted blended APY ranging from 6–10%, depending on Monarq’s multi-strategy performance and prevailing market conditions.&#x20;

Staking and unstaking fees are 0.&#x20;

The expense ratio is TBD, and the daily NAV update time is TBD.


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