$sMAXI is a derivative of the $MAXI token that is issued when a token holder stakes in the protocol. sMAXI is the staked version of MAXI. Users will receive sMAXI at a 1:1 ratio for their MAXI when they stake it.
Holding this token allows users to receive rebases rewards every 8 hours, effectively increasing the amount of sMAXI one holds.
It also makes users eligible to any benefits introduced by the protocol to stakers (such as airdrops from partners tokens).
$sMAXI contract address : 0xEcE4D1b3C2020A312Ec41A7271608326894076b4
In order to get $sMAXI, users must stake their MAXI, by using the staking dashboard on the Maximizer app. You may refer to the following tutorial, How to stake $MAXI, to proceed.
Users are free to unstake their $sMAXI for $MAXI at any time.