The project most worth keeping an eye on in the Monad ecosystem right now has to be @apr_labs. Last week, they raised another $20M, bringing their total funding to $30M. The team is stacked, with lead investors including Pantera Capital and Arrington Capital, and participation from YZi Labs and OKX Ventures. aPriori’s main focus is to capture both the PoS rewards and MEV rewards on the Monad chain and inject them into a single token called aprMON. Users can earn the PoS and MEV rewards generated on the Monad chain simply by holding aprMON. The interaction process isn’t complicated either. Users can stake MON (the native token of the Monad chain) to receive aprMON. However, aprMON’s reward model isn’t the typical Rebase model (where token balances gradually increase). Instead, the aprMON you hold can be redeemed for more MON over time. I think this reward model is pretty well-designed. In the long run, this approach is actually more compatible with other DeFi components compared to the Rebase model. It’ll make it easier to integrate with future ecosystem developments like staking, lending, and LP pricing, among others. Currently, Monad only has a testnet, and aPriori’s model is also only running on the testnet for now. If you have time, you can head to their website, claim some test tokens, and try it out: https://stake.(apr.io)/