> For the complete documentation index, see [llms.txt](https://docs.openeden.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.openeden.com/prism/xprism-token.md).

# 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. 

Staking and unstaking fees are 0. 

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