High-performance narrative + star-studded background with huge financing + savvy official, do you have a feeling that "something big is coming"?
Author: Deep Tide TechFlow
Recently, everyone's mentality has been messed up by airdrops, such as pizza, ionet, zksync, and so on… The continuous airdrops of projects one after another.
Although the witch-hunting actions of many projects have also made the results of airdrops like the release of exam results, some are happy and some are worried. The wealth effect may not be as exaggerated as the previous round of airdrops, but the stories of getting rich from airdrops always stir people's emotions.
If you don't know which project to get involved in, you might as well learn about the leading narrative of parallel EVM, Monad.
With hardcore technical background and huge financing, Monad, which has been backed by many top institutions, naturally attracts the attention of the market.
This article takes you through various opportunities to participate in the current Monad ecosystem.
Hardcore technical strength, but with meme attributes
Monad is a high-performance Layer1, focusing on the concept of parallel EVM, hoping to improve the execution efficiency of EVM in the Layer1 network through parallel processing, thereby unleashing the potential of the EVM ecosystem.
The official white paper states that Monad achieves a processing capacity of up to 10,000 TPS, which is comparable to Solana's processing performance, and is also compatible with EVM. This means that Ethereum smart contracts can easily migrate to Monad for execution, envisioning a future fusion of Solana and ETH.
The primary market has long recognized the potential of Monad. In April, Monad Labs announced the completion of a $225 million financing round led by Paradigm, making it the largest cryptocurrency financing so far this year, with a total financing of $244 million as of April 10.
In addition to having hardcore technology and a strong financing background, Monad's official marketing style has also been widely praised.
The Monad community has a very positive attitude towards meme culture, and the official team often interacts on Twitter with various memes. They also hold weekly community meme-making activities, permeating various meme cultures. At first glance, Monad, with its relaxed and friendly marketing, may give the impression of being a memecoin, which is quite different from the image of a hardcore technical narrative.
This relaxed and friendly marketing naturally receives a positive response from the community, and every tweet from Monad will receive a large amount of interaction from community members.
Community activities + project interaction, various ways to participate in the Monad ecosystem
High-performance narrative + star-studded background with huge financing + savvy official, do you have a feeling that "something big is coming"?
However, at present, Monad is still in the non-public internal test network stage and has not been widely opened to users.
Nevertheless, there are still many "roundabout ways" to participate in the future airdrops of Monad.
Join the community
As early as before, Wormhole airdropped its token $W to all members of the Monad Discord group, indicating that the identity of a Monad community member has real value.
Monad welcomes positive dialogues within the community and encourages community members to actively engage in discussions and participate in project development. Therefore, actively joining the community to participate in discussions is a good way to secure the rights to Monad tokens.
In the community, actively participating in discussions can earn you a DC group identity.
The Monad community holds various activities every week, such as AMA on Twitter, community poker entertainment, brainstorming, and more.
The community also encourages users to introduce Monad to others in their own way, including but not limited to creating meme images and writing introductory articles.
Interact with ecosystem projects
Although Monad has not yet launched its mainnet, there are already projects that have settled in the Monad network. Interacting with deployed ecosystem projects is also an effective choice for the unreleased mainnet.
Liquidity protocol Elixir
Elixir is an on-chain order book liquidity enhancement protocol. Through integration with the Monad ecosystem, Elixir allows users to provide liquidity to various currency pairs locally. Elixir aims to bring a layer of permanent liquidity to Monad, benefiting the entire ecosystem.
Elixir is expected to airdrop tokens in 2024Q3. You can now participate in the interaction by minting $EXLETH and providing liquidity.
Mint $EXLETH:
Visit https://elixir.xyz/apothecary
Connect your wallet
Mint ELXETH
Deposit $ETH (at least $100 to receive rewards)
Claim the Elixir mystery box, and you can withdraw the deposited $ETH in August
Provide liquidity:
Go to Elixir's liquidity page https://agg.elixir.xyz
Connect your wallet
Click on the currency pair and provide liquidity
Decentralized exchange Swaap
Swaap Finance adopts the AMM model, allowing users to trade without the need for a traditional order book. It combines oracle and dynamic spread mechanisms to provide more accurate market prices and automatically adjust spreads based on market conditions. By dynamically adjusting the asset allocation and transaction fees in the liquidity pool, it provides sustainable returns for liquidity providers.
Since SwaapV2 has not yet opened the swap function, the current way to interact is simpler. Users can deposit assets to add liquidity and earn rewards.
Add liquidity:
Go to https://earn.swaap.finance/
Connect your wallet and choose the corresponding assets to deposit
Interact with Collaborative Projects
As mentioned earlier, Wormhole provided airdrop shares to the Monad community during the TGE, so Monad is also likely to airdrop to the Wormhole community, especially now that Wormhole has started staking the $W token, providing another possibility for a Monad airdrop. Now you can participate in the Wormhole ecosystem to potentially receive a Monad airdrop.
Stake $W
Go to the Wormhole staking page https://tally.xyz/gov/wormhole
Connect your wallet and choose to stake
Select a node to stake with
Use Wormhole for Cross-chain Transactions
Go to https://portalbridge.com/
Connect your wallet to use Wormhole for cross-chain transactions
*Cross-chain interaction is based on the principle of doing what can be done, with a focus on staking $W.
Summary
The strong background and active community also indicate that Monad is not a shell project eating for free. When the official testnet goes live, it will undoubtedly attract a large number of developers to participate.
For individual players, taking advantage of the current situation and participating in the Monad ecosystem early is a good way to relieve airdrop anxiety and potentially gain high profit-loss ratios.
PS: This article does not constitute any investment advice. Project interaction involves risks, and it is recommended to use a new wallet address for project interaction.
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