This article will focus on three native Monad projects: Mozi Wallet, Haha Wallet, and Nad.fun.
Author: Harvey C
Introduction
As the ecosystem of @Monad_xyz continues to grow, various projects are attempting to leverage its high throughput, low gas fees, and parallel execution features. Among them, wallets and launch platforms are particularly noteworthy, as they often serve as important entry points for users into the ecosystem and can effectively promote community expansion. This article will focus on three native Monad projects—Mozi Wallet, Haha Wallet, and Nad.fun—all of which aim to bridge the gap between DeFi and a broader user base. By exploring their main features and testnet activation strategies, we can better understand how they utilize Monad's technological foundation to bring users a new experience.
These projects have adopted various innovative approaches in practice, from lowering the entry barrier through Telegram to introducing gamification elements in token issuance. Whether they can continue to attract and retain users in the future remains to be seen. However, it is certain that these projects bring fresh vitality to the Monad ecosystem and provide more possibilities for future development.
Mozi Wallet
@mozifinance is a native wallet built on the Monad ecosystem, focusing on ease of use and yield-oriented features, aiming to establish a more direct connection between DeFi and everyday scenarios.
Core Features
Gang demonstrates Mozi Wallet at Monad Madness Bangkok
1. Mozi Wallet (Telegram MiniApp)
One of the highlights of Mozi is its wallet functionality based on Telegram, attempting to eliminate the installation process of browser plugins like MetaMask. By completing transaction signatures within Telegram:
Lower Entry Barrier: For new users accustomed to using chat software, the operating environment is more familiar.
Integrated Staking Management: Users can directly manage liquid staking tokens (LST) from multiple staking platforms (such as Apriori, MagmaDAO, Kintsu, etc.) within the wallet.
Message Notifications and In-Chat Operations: Users can view earnings, manage staking, and participate in games or DeFi applications in real-time without leaving Telegram.
2. Staking and Yield Conversion
Mozi Wallet aims to allow users to stake tokens directly within Monad (and potentially in cross-chain environments) and automatically convert the earnings into usable assets. Theoretically, this will bring:
Instantly Usable Earnings: Earnings can be directly used for subscription services, in-game purchases, or other DeFi products.
Reduced Complicated Operations: No need for manual unstaking, cross-chain bridge conversions, and other steps.
3. Mozi Debit Card (Future Plans)
Mozi has also mentioned plans to launch a debit card, allowing users to spend the earnings generated from staking just like using a regular payment card. This aligns with the project's goal of integrating Web3 rewards with real-world economic payments.
4. Gamified Finance (PvPfi) and LST Integration
Mozi positions itself as a "PvPfi" platform, combining gaming mechanics with liquid staking tokens. Its Vault system aims to distinguish between users' principal and earnings, providing the following features:
Security: The official vault will undergo regular audits, but Earnings Leverage Mechanism: Users can temporarily utilize earnings (even part of the principal) to enhance their power in games or obtain higher returns.
Risk Management: Although part of the earnings is used for gaming, Mozi states that it will implement "strict risk control" to ensure the safety of users' principal.
How Monad Supports Mozi's Vision
Mozi wins the community award at Madness Bangkok
1. High Performance to Support Real Use Cases
With Monad's high throughput and good scalability, Mozi can handle frequent and small transactions more efficiently. As network latency and transaction fees decrease, Monad supports Mozi in achieving more frequent yield conversions and micropayments.
Low Gas Fees: This can lower the cost barrier for integration between Web2 and Web3, making small transactions feasible.
Fast Execution: Ensures a smoother gaming experience and yield management process, which is crucial for Mozi, which focuses on "gamified DeFi."
2. Security and Stability
As an emerging Layer 1 blockchain, Monad provides a secure foundation for Mozi's staking and yield management. Mozi's vault will also undergo audits, which enhances user confidence to some extent and complements Monad's increasingly robust security system.
Mozi's Testnet Activation Strategy
To attract user participation when the Monad public testnet launches, Mozi is planning the following measures:
1. Smooth Onboarding Experience via Telegram
In a familiar application environment, new users can get started more quickly. For example: releasing relevant tutorials on how to manage wallets and staking in the Telegram MiniApp.
Hosting Q&A sessions (AMA) in Telegram groups to allow users to ask questions and receive responses in real-time.
2. Strengthening Gamification Elements
Highlighting the PvPfi mechanism and its leverage yield features through competitions during the testnet phase, allowing players to experience Mozi's unique gameplay in advance.
3. Collaborating with LST Providers
Planning to collaborate with LST staking platforms such as Apriori, MagmaDAO, and Kintsu to showcase the composability of Mozi's vault and launch various activities to attract users to explore more yield strategies.
4. Community Challenges and Incentives
Providing rewards for early users willing to experience, give feedback, and help troubleshoot issues, which can not only yield a wealth of practical suggestions during the testing phase but also help solidify the core user base.
Overall, with the support of Monad, Mozi aims to further change the perception and usage of yields in the crypto industry. It seeks to make it easier for users to convert staking rewards into everyday usable value while enhancing engagement through gamified design. Whether Mozi can achieve long-term success depends on its operational strategies during the testnet phase and its continuous innovation in integrating DeFi with real consumption scenarios.
Haha Wallet
@haha_app Wallet is also a wallet solution based on Monad, aiming to deeply integrate with the Monad network to provide users with a more interactive, efficient, and secure DeFi experience. Here are its main features and how it collaborates with Monad technology.
Core Features
User interface of Haha Wallet
1. Smart Wallet Features
Haha Wallet offers various tools designed to simplify operations: Scheduled Trading and Automation Strategies: Users can plan trades in advance or set up automated trading logic, making asset management more flexible and efficient.
Multi-signature Security: Supports multi-party signatures, enhancing transaction security, requiring multiple confirmations to complete a transaction.
2. Integration with DeFi Services
Through collaboration with Kintsu, Haha Wallet will launch liquid staking features, allowing users to earn staking rewards while maintaining asset liquidity.
3. Community Interaction and Incentives
To attract and retain users, Haha Wallet has also designed a series of incentive mechanisms: Quest Campaigns: Encouraging users to explore the Monad ecosystem deeply and providing corresponding rewards.
Karma Leaderboard: Recording various user behaviors on the platform, allowing them to exchange "Karma" points for different rights or benefits.
Haha's Testnet Activation Strategy
1. Quest Campaigns
Haha Wallet will gradually launch a series of tasks, including operations within the wallet application and activities on social platforms like Twitter and Discord. Users who complete specified goals can receive corresponding rewards.
2. Community Participation Programs
To enhance community cohesion, Haha Wallet plans to implement the following measures: Karma Leaderboard: Continuously tracking user activities on the platform to accumulate Karma points, which can be exchanged for various practical functions within the ecosystem.
Invite Rewards: Allowing users to invite friends to join the Haha community via Discord, with both parties receiving Karma bonuses.
Limited-Time Flash Quests: Launching short-term tasks daily, with immediate rewards upon completion, aimed at increasing activity and retention rates.
Leveraging Monad's technological advantages, Haha Wallet hopes to provide users with secure and convenient asset management tools while fostering deeper interaction with DeFi through various community activities. Its goal is to create an efficient and inclusive ecosystem that better adapts to the opportunities brought by Monad in terms of both performance and user experience.
Nad.fun
@naddotfun is another project built on Monad, self-described as a "gamified launch platform," which integrates token generation tools, gamified features, and community incentives to provide users with a more diverse token issuance and trading experience.
Nad.fun Unique Features
Nad.Fun is now live on DevNet
1. Integrated Issuance and Trading Model
Nad.fun strives to simplify the token issuance and trading process:
Bonding Curve Pricing: A bonding curve is used during the initial issuance to balance supply and demand.
DEX Integration: Once the bonding curve reaches an 80% liquidity threshold, tokens can be listed on external decentralized exchanges, thereby increasing liquidity.
Fee Structure: A 1% fee is charged for token trades, and this revenue will be injected into the platform's treasury.
2. Mint Party: Collaborative Token Issuance Inspired by the "team-up" mechanism in RPG games, Nad.fun encourages developers, opinion leaders, and regular users to collaborate:
Role Division: Developers handle the technical aspects, while opinion leaders and active community members are responsible for promotion, working together to complete the token issuance.
Shared Rewards: Once the token is officially launched, participants will collectively benefit from the project's growth on the platform.
3. Quest Pool Incentive Mechanism
When the project team wishes to incentivize user participation, they can choose:
Task-Based Rewards: Developers place tokens into the Quest Pool, and users can earn additional rewards from the reward pool by staking or participating in other ways with that token.
Token Economic Model Optimization: By rewarding active community members, the project team may better extend the token's lifecycle.
4. Gamified Rake-Back Structure
Nad.fun incorporates gamification into its profit-sharing model:
Voting Determines Profit Distribution: Users earn voting rights based on trading volume and can make predictions in various themed popular token categories (such as "Dog," "Trump"). Correct predictions yield additional rewards.
Community Interaction: This feature makes income distribution more entertaining, allowing users to earn more by judging market trends.
5. Expansion into Social-Fi
Nad.fun also integrates social elements into the platform to enhance user engagement during the trading process:
Achievement System: The platform awards corresponding badges for significant actions such as creating tokens, holding low-market-cap assets, or completing profitable trades, helping users build reputation and trust within the community.
Trending and Follow Features: Users can follow specific wallets to track their trading activities and see which tokens are gaining popularity, making it easier to identify potentially valuable opportunities amidst the information flood.
Nad.fun focuses on combining token issuance with gamified and social trading elements, aiming to provide developers and users with a smoother and more engaging experience under Monad's high scalability and low-cost advantages. Whether it can achieve a good combination of community and reward mechanisms remains to be seen, but it certainly offers a novel model for token issuance and trading.
Conclusion
Projects like Mozi Wallet, Haha Wallet, and Nad.fun fully demonstrate the efforts of the @monad_eco ecosystem in combining user-friendly interfaces with gamified elements. Mozi aims to bring DeFi closer to ordinary users through its Telegram-based wallet and yield mechanisms; Haha encourages deeper community participation through task activities and a Karma points system; while Nad.fun redefines the traditional launchpad model by integrating token issuance with gamified and interactive mechanisms to attract more participants.
These native projects showcase how Monad's advantages in high performance and scalability support various innovative solutions, capable of attracting seasoned cryptocurrency enthusiasts while helping newcomers better integrate into the Monad ecosystem. As each project continues to refine itself through testing and iteration, active community participation and an open, transparent development process will be key to validating these concepts. Meanwhile, the diverse projects continually emerging within the Monad ecosystem also provide excellent opportunities for more developers. Whether aiming to break through in wallet experiences, explore gamified DeFi, or investigate more creative launchpad models, Monad offers a broad stage for everyone to experiment, collaborate, and drive the continuous prosperity and development of the Monad ecosystem.
Note: This series of long articles aims to introduce native projects within the Monad ecosystem. Interested readers can follow the links below to read about different sections:
Monad Ecosystem Guide: Native DEX/Perp Preview
Monad Ecosystem Guide: Native Liquid Staking/Native DEX Part 2
Monad Ecosystem Guide: Consumer dApp (Native Prediction Market)
Monad Ecosystem Guide: Consumer dApp Part 2
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