Investment Round for Liquid Staking Protocol aPriori Secured at $8 Million, Overseen by Pantera Capital
In the world of blockchain technology, the Monad blockchain is gearing up for a significant leap with the anticipated launch of its mainnet in 2024. At the forefront of this revolution is aPriori, a liquid staking protocol and decentralized trading infrastructure project, which is actively developing on the Monad blockchain.
aPriori, led by a team with extensive experience from Jump, Coinbase, Citadel Securities, and dYdX, aims to create a fairer, smarter on-chain trading experience. The project focuses on AI-driven decentralized exchange (DEX) aggregation and MEV-supported liquidity staking, positioning itself as a leading player in the Monad ecosystem.
The project has already secured substantial backing, having raised $8-10 million in a seed round. Notable investors include Pantera Capital, OKX Ventures, and YZi Lab, valuing the company at around $100 million. Pantera Capital's involvement extends further, with a reported $10 million seed funding for aPriori's Monad liquid staking efforts.
aPriori has already launched its AI-powered DEX aggregator called Swapr and is now developing an advanced "Order Flow Segmentation" system. This system uses behavioural labeling, wallet clustering, AI analysis, and on-chain feedback to optimize transaction flows on-chain, reducing arbitrage slippage and improving liquidity distribution.
As the launch on the Monad blockchain approaches, aPriori's liquid staking protocol aims to increase validator incentives on Monad. Protocols have committed to leverage aPriori's liquid staking token (LST) going into Monad's mainnet. Users will be able to stake their Monad tokens using aPriori and earn rewards, receiving a liquid stake pool that can be used across decentralised finance apps.
With the Monad blockchain's mainnet launch on the horizon, aPriori's testnet and mainnet are planned to launch simultaneously, as per co-founder and CEO Ray S. The protocol's plans are powered by the concept of maximum extractable value (MEV), allowing miners to earn more beyond gas fees and block rewards.
aPriori was previously developing an MEV-powered platform but has since chosen to focus on building within the Monad blockchain ecosystem. The project's focus on Monad demonstrates a commitment to deep integration with the high-performance chain, positioning aPriori as a key player in the Monad ecosystem.
In summary, aPriori is set to launch its liquid staking protocol and decentralized trading infrastructure on the Monad blockchain, having secured significant backing from prominent investors. The project's focus on AI-driven DEX aggregation, MEV-supported liquidity staking, and advanced order flow segmentation systems positions aPriori as a leading project on Monad, focused on revolutionizing decentralized trading and staking products.
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