Monad Madness NYC has concluded, with six participating projects winning awards: EarnOS, Sauce.GG, LEVR, Hyperplex, Plato, and Symphony.
Written by: Deep Tide TechFlow
As a highly anticipated top-tier public chain that has yet to issue its token, the Monad ecosystem is constantly active, with various online and offline events taking place.
Recently, the startup roadshow competition Monad Madness NYC, co-hosted by Monad and several leading organizations, has concluded, with six participating projects winning awards: EarnOS, Sauce.GG, LEVR, Hyperplex, Plato, and Symphony.
Let's take a look at the award-winning projects and see how the Monad ecosystem has been developing recently.
🥇 First Place: EarnOS, a Business Platform Based on Chain Abstraction
EarnOS positions itself as a disruptor of traditional digital advertising platforms, aiming to provide brands with a higher ROI (Return on Investment) while creating new value acquisition channels for users.
In simple terms, EarnOS is an advertising platform based on on-chain technology. As for why EarnOS believes it is different, it relates to the support provided by XION Chain Abstraction Technology.
Chain abstraction is the core of EarnOS's user-friendly experience, essentially hiding complex on-chain operations in the backend. On the user side, logging into the platform requires only an email, allowing seamless interaction across all devices. The low entry barrier provided by chain abstraction technology enables EarnOS to advertise in various ways, such as through social media traffic, customized ads, and AR immersive experiences, transforming user acquisition, engagement, and reward mechanisms in the digital advertising field.
Although technically based on chain abstraction, EarnOS's business actions are anything but abstract. Months ago, EarnOS connected with physical businesses, collaborating with world-renowned companies like The North Face and Uber to direct traffic to offline brands through on-chain entry, resulting in over 200,000 verified users engaging in more than 1.3 million brand interaction activities.
By providing diverse interaction methods and practical reward mechanisms, EarnOS is gradually turning the slogan #EarnEverywhere into reality.
🥈 Second Place: Sauce.GG, a Trading Platform for Meme Lovers
In an era where memes have become an "important infrastructure" in crypto, the construction of meme platforms across various chains is also indispensable. Sauce.GG, a platform dedicated to trading Memecoins, officially launched in August this year.
Sauce.GG emphasizes being "fun," offering meme token trading on Solana, ETH, and Base. The simple page design is filled with rankings of Memecoins.
Importantly, Sauce.GG not only focuses on the trading experience of Memecoins but also has a professional understanding of the cultural core of Memecoins. The already compact trading interface includes a dedicated section displaying various Memecoins' native cultures in the form of memes, showcasing the Monad community's emphasis on and love for meme culture.
🥉 Third Place: LEVR, a Decentralized Leverage Entertainment Platform
LEVR combines sports entertainment with decentralized trading strategies, allowing users to invest on-chain with up to 5x leverage. It introduces an oracle-driven liquidation engine to ensure the security and fairness of trading outcomes.
Among its core components, the MVP Vault is one of LEVR's innovative mechanisms, acting as a counterparty automated market maker (AMM) in both the buy (collateral) market and the redemption market. This concept is similar to GMX's GLP pool and Gains Network's gDAI vault, meaning users are effectively trading with LEVR's vault rather than directly betting against other users.
This mechanism aligns with the binary options framework, where at the end of each game, the winning tokens always have a value of $1, while the losing tokens always have a value of $0. This clear outcome simplifies and clarifies the settlement process.
For users, it allows leveraged betting on a platform with ample liquidity and rapid settlement. However, as with all leveraged financial products, caution is necessary when using the LEVR platform, and users should fully understand the associated risks and comply with local laws.
👾 Community Award: Hyperplex, Plato, Symphony
Hyperplex, Making Liquidity Management Simple
Hyperplex is an innovative project focused on optimizing DeFi liquidity management, attempting to solve a core issue in DeFi: how to maximize capital efficiency and returns without significantly increasing risk, allowing users' funds to work smarter rather than harder.
Key Features:
AMM LP Re-staking: Allows users to re-stake their liquidity provider (LP) tokens from automated market makers (AMM) back to the Hyperplex platform.
Yield Optimization: Provides users with multiple sources of yield through re-routing and optimizing liquidity.
By using Hyperplex, users can simultaneously gain the following benefits:
Original AMM yields
Zero-cost automatic compounding
Incentive rewards from multiple protocols
Lending yields
Plato, Earn While You Eat Crypto Review Platform?
Plato gamifies restaurant consumption by partnering with offline restaurants, offering cashback in the form of its token $FAT to users who spend at partner restaurants.
By combining offline consumption with crypto technology, Plato aims to promote user spending and increase restaurant revenue while collecting user data on food (images, reviews) to create a new on-chain food map.
Symphony, a Chain Abstraction Aggregated Trading Platform
Symphony, formerly known as Cadence Protocol, is a DeFi platform focused on solving cross-chain trading and liquidity aggregation issues, with a unique selling point of cross-chain and simplified user experience.
Similar to EarnOS mentioned earlier, Symphony applies chain abstraction technology to DeFi trading, allowing liquidity unification between chains and protocols based on an intent-driven innovative trading architecture, while providing simplified low-cost on-chain trade execution. Additionally, Symphony uses account abstraction smart contract wallets to help users bypass the cumbersome and painful multiple on-chain operations.
The next stop for Monad Madness NYC will be in Seoul, where we look forward to seeing more outstanding projects that will impress.
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