Written by: TechFlow

As a highly anticipated public chain that has not yet issued a coin, the Monad ecosystem is constantly active, with various online and offline activities continuing.

Recently, Monad Madness NYC, a startup roadshow competition organized by Monad and several leading institutions, came to an end. A total of six participating projects won awards: EarnOS, Sauce.GG, LEVR, Hyperplex, Plato, and Symphony.

Let’s take a look at the winning projects and see how the Monad ecosystem has developed recently.

🥇First place: EarnOS, a business platform based on chain abstraction

EarnOS positions itself as a disruptor of traditional digital advertising platforms, with the goal of providing brands with a higher ROI (Return on Investmen) while creating new value acquisition channels for users.

In layman's terms, EarnOS is an advertising platform based on on-chain technology. As for why EarnOS thinks it is different, it has to do with the XION chain abstraction technology that supports EarnOS.

Chain abstraction is the core of EarnOS’ user-friendly experience. Chain abstraction essentially hides complex operations on the chain in the backend. On the user side, you only need an email to log in to the platform and interact seamlessly on all devices. The low entry barrier provided by chain abstraction technology allows EarnOS to advertise in a variety of ways, such as social media traffic, customized ads, AR immersive experience, etc., changing the user acquisition, participation and reward mechanisms in the digital advertising field.

Although it is based on chain abstraction in technology, EarnOS is by no means abstract in business operations. As early as a few months ago, EarnOS connected physical businesses and cooperated with world-renowned companies such as The North Face and Uber to divert traffic to offline physical brands through the chain entrance. More than 200,000 verified users have conducted more than 1.3 million brand interaction activities.

By providing diverse ways of interaction and practical reward mechanisms, EarnOS is gradually turning the slogan#EarnEverywhereinto reality.

🥈Second place: Sauce.GG, a trading platform that truly loves Meme

At a time when Meme has become an important infrastructure for cryptocurrencies, the construction of Meme platforms on various chains is also indispensable. Sauce.GG, a platform dedicated to trading Memecoin, was officially launched in August this year.

Sauce.GG focuses on “fun” and provides Meme token transactions on Solana, ETH, and Base. The simple page design is packed with Memecoin rankings.

What’s important is that Sauce.GG not only focuses on the trading experience of Memecoin, but is also quite professional in the cultural core of Memecoin. In the already compact trading interface, a separate area is set aside to display various native cultures of Memecoin in the form of emoticons, which indirectly shows the Monad community’s attention and love for Meme culture.

🥉Third place: LEVR, decentralized leveraged entertainment platform

LEVR combines sports entertainment with decentralized trading strategies, allowing users to use up to 5 times leverage for on-chain investment. The introduction of an oracle-driven liquidation engine ensures the security and fairness of trading results.

Among them, MVP Vault is one of the core components of the LEVR platform and an innovative mechanism of LEVR. It plays the role of Counterparty AMM in the buy (mortgage) market and the redemption market. This concept is similar to GMX's GLP pool and Gains Network's gDAI vault, which means that users are actually trading with LEVR's vault instead of betting directly with other users.

This mechanism is consistent with the binary options framework, where at the end of each game, the winner’s token is always worth $1, while the loser’s token is always worth $0. This clear outcome makes the settlement process simple and transparent.

For users, leveraged gambling can be carried out on a platform with sufficient liquidity and fast settlement. However, like all financial products involving leverage, you still need to be vigilant when using the LEVR platform, fully understand the relevant risks, and comply with local laws.

👾 Community Award: Hyperplex, Plato, Symphony

Hyperplex, liquidity management can be simple

Hyperplex is an innovative project focused on optimizing DeFi liquidity management. It attempts to solve a core problem in DeFi through the liquidity re-provisioning mechanism: how to maximize capital efficiency without significantly increasing risks. and benefits, allowing users’ funds to work smarter instead of moving around harder.

Main functions realized:

• AMM LP Re-staking: Allows users to re-stake their liquidity provider (LP) tokens in the automated market maker (AMM) to the Hyperplex platform.

• Yield Optimization: Providing users with multiple sources of income by rerouting and optimizing liquidity.

By using Hyperplex, users can simultaneously obtain the following benefits:

• Original AMM Revenue

• Zero-cost automatic compounding

• Incentive rewards for multiple protocols

• Borrowing income

Plato, a crypto-Dianping app that allows you to earn money while eating?

Plato has gamified restaurant consumption by partnering with offline restaurants, providing users who consume at partnered restaurants with cashback in the form of its token $FAT as a reward.

By combining offline consumption with encryption technology, Plato aims to promote user consumption and increase the revenue of catering businesses, while collecting user data sets about food (pictures, comments) to create a new on-chain food map.

Symphony, a chain abstract aggregation trading platform

Symphony, formerly known as Cadence Protocol, is a DeFi platform focused on solving cross-chain transactions and liquidity aggregation problems. Its unique selling point is cross-chain and simplified user experience.

Similar to EarnOS mentioned above, Symphony applies chain abstraction technology to DeFi transactions. The innovative transaction architecture based on intent will allow the unification of liquidity between chains and protocols and provide simplified low-cost on-chain transaction execution. At the same time, Symphony uses account abstraction smart contract wallets to help users skip the complicated and painful multiple on-chain operations.

The next stop of Monad Madness NYC will be in Seoul, and we look forward to seeing more outstanding and eye-catching projects there.