Firstly, congratulations to aPriori for completing a new round of financing. It is not easy to raise 20M in the current market environment. Its previous round was a strategic round invested by Binance, led by Hashed, Pantera, and HashKey. But I first became interested in this project while conducting MEV research. Actually, aPriori is used for Monad liquidity staking, which is equivalent to Lido to ETH or Jito to to Solana. If you insist, it's more like Jito because it not only needs to do LST but also MEV. The part of liquidity pledge does not need further explanation. I believe everyone has used or at least seen stETH or JitoSOL, so today we will mainly talk about the MEV part. They proposed an interesting idea called transaction stratification, which is to identify toxic orders (Toxic Flow). What is a toxic order? It targets orders for runaway robots, commonly known as clamps. And non-toxic orders are normal user orders. Originally, there was a positive cycle between DEX LP and regular users, where LP provided liquidity and users gained quick trading convenience. But the emergence of the clamp turned the entire game into a negative sum game, as a considerable amount of profit was taken away by the clamp. Although many people claim that MEV is a feature rather than a bug, the experience is indeed quite poor. Many people have proposed various solutions, such as privacy RPC, anti MEV relay, protocol built-in fair sorting, and MEV re auction. Currently, these solutions are in the race. And aPriori hopes to achieve transaction layering. It uses AI to analyze each trader's address and past transactions, and once an address is identified as a clamp, it will be "soft blacklisted". They have an experimental product called Swapr, which uses this mechanism. Firstly, Swapr has some private pools where non-toxic orders (i.e. normal users) are allowed to trade, while clips can only go to DEX public pools. Relatively speaking, private pools have better liquidity and better pricing; And the fees for public pools are higher (as compensation for LP's vulnerability when facing clamps). In this way, normal users are actually given a trading advantage by being clipped. This can be considered a relatively leftist MEV approach, which prioritizes users; In the past, some radical right-wing schemes even advocated for nodes to directly destroy the MEV benefits of the clamp. Returning to the main topic. Of course, it is difficult to completely eliminate the clamps, especially since they do not control a large number of nodes on the Ethernet. However, if this matter were moved to Monad, it would be completely different. Monad has not yet been launched. When aPriori acquires a large number of Staking Monad tokens and gains a monopoly or semi monopoly position in block issuance, its control over MEV will be much stronger. MEV clips only strike hard at ordinary users, and are absolutely submissive when facing nodes. This may also be why they are initiating projects on a new chain such as Monad, rather than focusing on ETH or SOL. At present, the order layering is still in the experimental stage, and we hope that this MEV approach can achieve good results and eliminate the clamps.