avUSD liquidity on @monad continues to scale. The avUSD/AUSD pool on @Balancer now holds more than $2.6M in TVL and has facilitated over $4M in volume MTD. Allocators can deploy stablecoin liquidity across two dollar-denominated assets while earning incentives via @merkl_xyz. Deeper liquidity, better execution, and more capacity for avUSD across Monad.

Crystal brings a fully onchain orderbook and launchpad to Monad

Herd is covering the Monad ecosystem! The Herd team is doing a nice job of automatically disentangling chained dependencies across DeFi. I believe that with better information, we can all make better decisions. Now on Monad

Welcome to Monad @sharpbytexyz!

strUSD is live on @Monad. Borrow AUSD against it on @Morpho at 86% LLTV. The AUSD(@withAUSD) comes from the SharpByte AUSD Tori Ecosystem vault, curated by @sharpbytexyz. You supply AUSD, the vault lends it into the market. Supplying earns wMON and AUSD rewards, distributed through @merkl_xyz. Market: app.morpho.org/monad/variabl… Vault: app.morpho.org/monad/vault/0… Bridge: app.tori.finance/bridge

Agora has received preliminary conditional approval from the OCC to organize as a national trust bank. A defining early milestone on the path to a full charter for Agora and regulated stablecoin infrastructure. agora.finance/blog/occ-condi…

Crystal is live. Users can trade, launch tokens, and provide liquidity, with Crystals distributed to eligible users each week. app.crystal.exchange/

A public ledger doesn't need to be an open book Institutions that need privacy currently have one option: move activity into closed systems, sacrificing liquidity and composability At Open, @category_xyz will unveil a new way to keep sensitive activity private on Monad

Tired of watching everyone else catch the trade? Meet Dirol Social - a social trading app built around our trading infrastructure on Monad. The waitlist is live. Get in before the timeline catches on. dirol.io

Top 3 spotlight vaults on Upshift this week. Additional wMON incentives are available by depositing via @jumperapp into the earnAUSD Looping or August USDC v2 vault. Explore 50+ stablecoin, ETH and BTC vaults on Upshift.

It's indeed a work of art.

Bringing equities on chain is legitimately very exciting, because it means knocking down walls and giving global investors access to better opportunities. But it only works if people can get a fair price for the thing they're trading. Monad is addressing this in two ways: 1. no front-running, due to encrypted mempools 2. no order spoofing in aggregators, due to fully on-chain order routing; made possible on Monad by compute and storage efficiency We won't disrupt the existing system by papering over systems that leave an opening for MEV extractors and malicious quoters. A new and open financial system will only thrive when built on firm footing. Fair outcomes for users. Watch this space.

Today, 0x published an interesting and important article about an emerging phenomenon, first seen in PropAMMs, now in UniV4 hooks. To summarize: malicious makers alternate between very tight and very wide quotes. Tight quotes get the venue selected by the aggregator, but then when the user's trade gets routed to the venue the quote is wide. Slippage settings (i.e. limit price) protects some users, causing the trade to just fail, but many users set their slippage settings far too permissively. Those users get taxed brutally - the article highlights some hooks alternating between 0 and 18% fees. (A few months ago, Solana posted an really excellent article about this same phenomenon occurring on Solana aggregators, although with upper-end fees more like 1% instead of 18%. They quietly took the article down a few days later.) The promise of open systems is elimination of middlemen and hidden taxes. Aggregator spoofing represents a huge hidden tax, and it can only truly be solved by fully-on-chain order routing. That in turn requires plentiful computation and flexible account access (i.e. no access lists, no pre-specification of touched accounts like in Solana). You basically need a really performant and efficient EVM. On top of that, you need a well-designed on-chain routing protocol. Who's building this?

starting next week, you can launch a token paired with anything. stocks. stables. tokens. anything tokenized on Monad. but it goes beyond pairs. fees generated by your market can be routed into custom strategies — distributions, rewards, buybacks, liquidity, and more. anything can become a pair. anything can become a reward. we plan to support everything that comes onchain to Monad. on Nad.fun

o1 brings its entire exchange stack to Monad: terminal, aggregation, and launchpad After driving over $1B in launchpad volume in 2 months, o1 is now live on Monad

The Upshift x Monad campaign is live on Jumper. Users can deposit into the @upshift_fi earnAUSD Loop vault on @monad and the August USDC vault on Morpho. Check it out: jumper.xyz/earn?tab=all&prot…

Proud to announce Open’s title sponsor: @StraitsX! StraitsX is a regulated stablecoin-native settlement layer powering global finance As the issuer of XSGD and XUSD, StraitsX uses blockchain to enable payments interoperability & stablecoin-backed card issuance

ONE BILLION DOLLARS OF TOTAL VALUE LOCKED IN DEFI ON THE MONAD LAYER 1 BLOCKCHAIN