Monad Mainnet is approaching—what airdrops and earning opportunities are available?

Author: Fishmarketacad

Translation: Chopper, Foresight News

Monad's mainnet launch may be imminent. Last month, the official Monad X account hinted that the mainnet would go live "this year," and co-founder Keone Hon revealed last week that the initial total supply of Monad’s native gas token will be 100 billion.

All signs point to a token launch from Monad being just around the corner. This article lists a number of applications within the Monad ecosystem where users can participate, helping them catch the "final airdrop wave" while also earning yield.

Note: MN stands for "Monad Native Application," referring to apps deployed exclusively on the Monad ecosystem from day one of mainnet launch.

Lending Markets

Deposit assets to earn passive income through borrower interest payments and protocol incentives.

• TownSquare (MN): Offers lending vaults, one-click leveraged looping strategies, and cross-chain lending functionality.

• Modus (MN): Provides institutional-grade on-chain brokerage services, delta-neutral yield strategies, and one-click leveraged looping strategies.

• Curvance: Supports high LTV (Loan-to-Value ratio) with an optimized liquidation mechanism, along with one-click looping functionality.

• Neverland Money (MN): Introduces an "auto-repay loan" feature (loans automatically repaid using asset yields).

• Avalon Labs: Focuses on Bitcoin lending markets, allowing BTC collateralization to mint stablecoins at fixed interest rates.

• Accountable: Minimizes counterparty risk in lending via its "verifiable financial data" feature.

• Block Street (MN): Enables yield generation by lending tokenized stocks, partnering with off-chain brokers for large-scale on-chain liquidations.

• Peridot Finance: Cross-chain lending market.

Liquid Staking Tokens (LST)

Deposit stakable assets (e.g., MON, Monad’s native token) to earn rewards from staking and other revenue streams. Other non-MON LST projects are expected soon but not included in this article.

• Fast Lane (MN): Issues LST called shMON, supporting multi-channel yield generation.

• Kintsu: Issues LSTs including sMON and sHYPE, governed by a decentralized autonomous organization.

• Magma (MN): Issues LST called gMON, capable of generating additional MEV-based yield.

• aPriori: Issues LST called aprMON, supports MEV yield generation.

• PumpMonad: Issues LST called pumpMON, developed by the pumpBTC team.

Real World Assets (RWA)

Deposit assets to earn yield generated from real-world assets.

• Mu Digital (MN): Yield derived from real-world assets and private credit in Asia.

• Zona (MN): Offers RWA lending services and introduces "tokenized parking lot" yield products (returns generated from parking lot operations).

• dualmint: Yield sourced from financing support for Web2 companies.

• Helix: Yield derived from money market funds and private credit.

• Asseto Finance: Yield sourced from money market funds.

Yield Aggregators / On-chain Asset Management

Deposit assets to earn compounded returns by aggregating multiple yield sources.

• Meow Finance (MN): Locks assets into tradable non-fungible tokens (NFTs), leveraging AI technology to aggregate multi-channel yield.

• enjoyoors (MN): "Restakes" assets into various low-risk DeFi protocols, enabling yield on nearly all asset types.

• aarnâ: Stablecoin yield aggregator offering multiple strategies, including AI-driven trading.

• Multipli.fi: Generates yield via delta-neutral DeFi strategies and RWA exposure.

• SuperReturn AI: Issues interest-bearing stablecoins backed by a basket of interest-bearing stablecoins across domains, supporting cross-chain minting.

• Golden Goose: Cross-chain abstracted (users operate uniformly without managing specific chains) yield aggregator with gamified mechanics.

• R2 Community: Issues multiple tiers of interest-bearing stablecoins backed by a basket of crypto assets/RWA.

• rysk finance: Sells covered call options (holding an asset while selling call options on it) to lock in early returns.

• Caddy Finance: Offers yield to Bitcoin holders through structured vault strategies.

Spot DEX Vaults

Spot decentralized exchanges (DEXs) with vault functionality, eliminating the need for users to frequently adjust positions.

• Clober (MN): Liquidity vault utilizing proprietary market-making algorithms.

• Charm: Permissionless Uniswap-style automated market maker (AMM) liquidity management tool.

• Balancer: Spot AMM-type DEX supporting "auto-adjusting liquidity pools."

• SigmaX (MN): Spot AMM-type DEX using a proactive market maker (PMM) mechanism.

• Atlantis: Spot AMM-type DEX offering automated spot vaults and token issuance tools.

AMM-Type Spot DEXs

Spot AMM-type DEXs requiring users to manage their own liquidity pools (LPs); deposit assets to become liquidity providers and earn yield.

• Pinot Finance (MN): Spot continuous limit order book (CLOB)-type DEX supporting Uniswap V2, Uniswap V3 AMMs, and ve (3,3) economic models.

• Kuru (MN): Spot CLOB-type DEX providing an AMM interface and concentrated liquidity (concentrating liquidity within specific price ranges to improve capital efficiency).

• LFJ.gg: Spot AMM-type DEX using a "liquidity position" mechanism.

• Dirol (MN): Spot AMM-type DEX integrating a transaction aggregator function.

• Morpheus (MN): Spot AMM-type DEX offering token issuance tools.

• Uniswap: Veteran AMM-type DEX; Uniswap V4 will support the Monad ecosystem.

Perpetual DEXs with Liquidity Vaults

Deposit stablecoins or liquid staking tokens to provide liquidity for perpetual contract traders and earn yield.

• Monday Trade (MN): Spot and perpetual CLOB-type DEX offering perpetual vaults.

• Celeris (MN): Spot and perpetual CLOB-type DEX offering multiple perpetual vaults.

• Drake (MN): Perpetual CLOB-type DEX offering perpetual vaults and funding rate arbitrage vaults.

• Bean Exchange (MN): Spot and peer-to-pool AMM-type perpetual DEX with dynamic liquidity management.

• Narwhal Finance (MN): Peer-to-pool AMM-type perpetual DEX supporting USDT and aprMON as margin.

Integrated Spot DEXs

DEXs combining spot trading with lending out LP assets. Core logic is similar across platforms, but mechanisms vary. By lending out tokens from liquidity pools (LPs) to traders, these protocols generate additional yield for liquidity providers.

• Timelock Trade (MN): Deposit any asset into a "risk-neutral" Uniswap V3 managed vault; vault assets can be lent to traders, with a delta-neutral version currently under development.

• LIKWID: Deposit any asset; the asset can be lent within the same liquidity pool to traders for leveraged margin trading.

• FWX: Deposit any asset; the asset can be lent within the same liquidity pool to traders for leveraged margin trading, while also offering a peer-to-pool AMM-type perpetual DEX.

• NitroFTL (MN): Deposit any asset into a "position"; idle liquidity can be borrowed by liquidity providers.

• Umbrella Finance (MN): AMM-type DEX supporting LP asset lending and "gauge voting" (a mechanism to vote on incentive distribution).

• 0xKansei (MN): Core feature is "orderbook AMM" (combining AMM mechanics with orderbook functionality), also supporting leveraged yield on LP positions.

• Ammalgam: DEX enabling various predefined market-making strategies via asset lending.