Proposal for New rToken Listing - rMONAD on rLaunchpad Season2
Introduction
Monad is a high-performance Ethereum-compatible L1. Monad materially advances the efficient frontier in the tradeoff between decentralization and scalability.
Monad introduces optimizations in four major areas, resulting in a blockchain with throughput of 10,000 transactions per second (tps):
Monad’s improvements address existing bottlenecks while preserving seamless compatibility for application developers (full EVM bytecode compatibility) and users (Ethereum RPC API compatibility). As a result, the rich landscape of Ethereum tooling and applied cryptography research can plug seamlessly into Monad while benefiting from improved throughput and scale:
- applications (any dapp built for Ethereum)
- developer tooling (e.g. Hardhat, Apeworx, Foundry)
- wallets (e.g. MetaMask)
- analytics/indexing (e.g. Etherscan, Dune)
The Monad client is built with a focus on performance and is written from scratch in C++ and Rust. The subsequent pages survey the major changes in Monad as well as the interface for users.
What is rMONAD and its use case
Users can deposit MONAD on the StaFi Protocol without any limitations.
Users who deposit MONAD on StaFi will receive an equivalent amount of rMONAD (rToken StaFi equivalent) to the value they staked. rMONAD is an rebase token. Subsequently, users can freely trade rMONAD (rToken equivalent) or provide liquidity (LP) to earn additional yield.
Why choose rMONAD
Monad is a next-generation high-performance Layer 1 blockchain that has garnered significant attention in both capital and user markets. Supporting Monad with LSaaS can help increase market visibility. Additionally, since Monad is EVM-based, it requires minimal additional development. Currently, Monad is in its testnet phase, and establishing official contact with Monad will be a focus moving forward.