• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Establishing Monad Foundation: Supporting Ecosystem and Decentralized Governance

user avatar

by Giorgi Kostiuk

9 months ago


Monad Labs has announced the creation of an independent organization, the Monad Foundation, aimed at accelerating the growth and adoption of the Monad protocol.

Validator-Led Governance and Community Engagement

A key aspect of the Monad Foundation’s strategy is its emphasis on validator-led governance. In decentralized networks like Monad, validators play a crucial role in shaping the protocol’s future. The Foundation’s initiatives aim to enhance governance transparency and accessibility by encouraging community-driven improvement proposals.

Category Labs: The New Focus for Monad Labs

While the Monad Foundation focuses on governance and ecosystem development, Monad Labs is shifting to technology development under the new name Category Labs. The company will continue to focus on research and software development to advance the protocol, led by James Hunsaker as CEO.

Monad's Vision for the Future

Monad aims to optimize Ethereum’s core functionalities to deliver greater throughput and efficiency. Unlike other projects, Monad is developing its own EVM from scratch, using a pipelined architecture to enhance performance. Recent funding, including $225 million in Series A led by Paradigm, strengthens Monad's position as a blockchain leader.

The establishment of the Monad Foundation marks a significant step towards a sustainable and decentralized future for the Monad ecosystem, focusing on innovation and community engagement.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Paydax Protocol PDP Redefines DeFi Lending with Fixed APRs

chest

Paydax Protocol PDP introduces fixed APRs ranging from 5 to 7 in the DeFi lending space, providing borrowers with predictable costs and reliable returns for lenders.

user avatarBayarjavkhlan Ganbaatar

The Shift in Surveillance: Embracing Wearable Technology

chest

Surveillance methods have evolved from traditional human observation to advanced wearable technology, marking a new era in public monitoring.

user avatarMohamed Farouk

Zero-Knowledge Proofs: A Solution for Privacy in the Age of Surveillance

chest

Zero-knowledge proofs offer a way to collect data while preserving individual privacy in the age of surveillance.

user avatarElias Mukuru

BARD Token Introduced as Lombard's Native Utility Token

chest

Lombard has launched the BARD token, which supports governance, security, and incentives within the ecosystem.

user avatarMaria Fernandez

Lombard Launches LBTC for Enhanced Bitcoin Productivity

chest

Lombard has launched LBTC, a liquid staking solution for Bitcoin that allows users to earn rewards while maintaining access to their assets in DeFi applications.

user avatarDiego Alvarez

Lombard Security Consortium Ensures Integrity of LBTC Transactions

chest

The Lombard Security Consortium oversees the security and operations of the LBTC platform, ensuring transparent management and validation of transactions.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.