OKX Ventures Announces Seed Round Investment in aPriori, the MEV Powered Liquid Staking Platform on Monad
July 25 2024 - 3:07AM
OKX Ventures, the investment arm of leading crypto exchange and
Web3 technology company OKX, has issued updates for July 25, 2024.
OKX Ventures Announces Seed Round Investment in
aPriori, the MEV Powered Liquid Staking Platform
on Monad
OKX Ventures today announced its participation in the seed
investment round for aPriori, the MEV powered liquid staking
platform on Monad.
The new funding will enable aPriori to expand their team, invest
in security and foster community growth. The emergence of
high-performance, parallel Ethereum Virtual Machines like Monad
creates a new design space for node-level infrastructure. The
aPriori team chose to build on Monad, an EVM-compatible Layer 1,
for its portability and extreme performance. With a mission to
maximize the performance of Monad’s network and enhance its user
experience, the team has been building an entirely new architecture
for MEV and liquid staking from the ground up. aPriori focuses on
reducing gas fees, optimizing network traffic and driving
sustainable incentives for validators.
OKX Ventures Founder Dora Yue said: “We are
delighted to invest in aPriori, an MEV (Maximal Extractable Value)
powered liquidity staking platform on Monad that enables the secure
repurchase of MEVs by redistributing these proceeds back to
protocols and ecosystems. aPriori plans to expand the modular
auction network to encompass MEVs outside of Oracle's update, such
as Sandwich trading, Just-In-Time (JIT) liquidity and NFT minting
activities. aPriori is committed to building a transaction-centric
infrastructure for Monad that will help Monad improve its
throughput and user experience, and be ready for the Monad
ecosystem’s expansion in the future.”
For further information, please contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto
exchange by trading volume and Web3 technology company OKX, with an
initial capital commitment of USD 100 million. It focuses on
exploring the best blockchain projects on a global scale,
supporting cutting-edge blockchain technology innovation, promoting
the healthy development of the global blockchain industry, and
investing in long-term structural value.
Through its commitment to supporting entrepreneurs who
contribute to the development of the blockchain industry, OKX
Ventures helps build innovative companies and brings global
resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
Disclaimer