Lair (LAIR): Uses, Supply and Risks

Lair (LAIR) is the token associated with Lair Finance, a cross-chain liquid staking and restaking protocol. The protocol lets users stake KAIA and receive stKAIA, a token representing their staked position. Liquid staking tokens can sometimes be used in other DeFi applications while the underlying asset remains staked, but available uses and risks depend on the protocol and each application.

LAIR is separate from stKAIA: LAIR is the project token, while stKAIA represents staked KAIA. Public descriptions characterize LAIR as supporting incentives and value capture across the Lair ecosystem. However, public sources do not establish specific rights such as governance votes, a claim on fees, or a guaranteed share of protocol revenue. Check the current project documentation before treating any proposed token role as an enforceable benefit.

Lair Finance’s stated product is liquid staking and restaking, including staking KAIA for stKAIA. The project is described as cross-chain, and LAIR is presented as a token connected to ecosystem incentives. That description does not, by itself, explain exactly how LAIR holders earn incentives or whether every use is available on both supported networks.

Do not confuse holding LAIR with staking KAIA through the protocol. Buying or holding LAIR does not automatically create stKAIA or earn staking rewards. Before interacting with a Lair app, check which asset and network a transaction uses, what the app says you will receive, and whether you can withdraw or redeem it under the stated conditions. A liquid staking token may trade below the value of the underlying asset, and its value can depend on the protocol’s operation and market liquidity.

LAIR has a stated maximum and total supply of 1 billion tokens. About 709.7 million were listed as circulating as of 2026-11-05. The difference between circulating and maximum supply does not show when or how any remaining tokens will enter circulation; consult current project disclosures for allocation and release details.

LAIR is issued on Kaia and Berachain. It is not listed here as the native token of either chain, so take care to select the correct network when checking a balance or sending tokens. As of 2026-11-05, its price was about $0.000376, market capitalization about $267,000, and 24-hour trading volume about $936. These figures can change quickly, and the low reported trading volume may make it harder to buy or sell at a desired price. They are context, not a forecast or recommendation.

LAIR carries the usual risks of a small, volatile crypto asset, including sharp price changes, limited trading liquidity, and the possibility of losing some or all of the value you put in. Cross-chain activity adds operational risk: assets or token representations on different networks may not be interchangeable, and mistakes in selecting a network or contract can result in lost funds. Liquid staking and restaking can also involve protocol, smart-contract, withdrawal, and market risks.

For storage, use a wallet that supports the network on which your LAIR is issued, and verify the token contract through Lair Finance’s official channels before adding or transferring it. Never rely on a token name or symbol alone, since unrelated tokens can use the same ticker. Keep recovery phrases and private keys secret, and be wary of unsolicited messages, fake support accounts, and requests to approve transactions you do not understand. If you cannot verify the network and contract, do not send tokens.