Key takeaways:
Binance Labs has invested in aPriori, a project focused on VME-based liquid staking solutions on the Monad network, as part of the sixth season of its incubation program.
aPriori is creating a VME-based liquid staking platform that scales on Monad with the goal of decentralizing the Monad network and improving the user experience.
Binance Labs, the venture capital arm and incubator of Binance, has invested in aPriori, a project focused on liquid staking solutions based on miner extractable value (MEV) that runs on Monad, a high-performance Layer 1 smart contract platform compatible with Ethereum.
aPriori’s mission is to decentralize the Monad network and improve the user experience by reducing gas fees, optimizing network traffic, and providing sustainable incentives to validators. Monad achieves its extremely high performance through its fast finality and deferred execution, which create a design environment that offers new possibilities but also presents new challenges. In response, the aPriori team designed from the ground up a completely new architecture for VME and Liquid Staking Tokens (LST) to maximize the performance of this next-generation parallel MVE.
The new funding round will enable aPriori to expand its team, accelerate its research and development efforts, strengthen its security protocols, and advance its efforts to optimize blockchain performance to handle widespread adoption.
“Binance Labs is honored to support aPriori’s vision to pioneer VME-based liquid staking solutions. We are constantly looking for early-stage projects with significant potential. This investment reaffirms our commitment to supporting forward-thinking projects that are creating the next wave of blockchain innovation, and we look forward to seeing how aPriori redefines the space,” said Yi He, Co-Founder of Binance and Head of Binance Labs.
“aPriori is developing a liquid staking platform powered by VME that scales on Monad. We are excited to have the support of Binance Labs to innovate and bring online new products specifically designed for high-speed parallel VME networks,” said Ray, CEO of aPriori.
aPriori participated in the sixth season of the Binance Labs incubation program.
To apply for Binance Labs Incubation Program Season 7, submit your application here. This program is designed for founders of early-stage Web3 projects. To learn more about the program, click here.
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About aPriori
aPriori is building a VME-based infrastructure and liquid staking service on Monad. The team includes members who have worked at Jump Crypto, Coinbase, Bridgewater, Protocol Labs, D.E. Shaw, Pyth Network, and Flow Traders. Subscribe to aPriori’s X profile to learn more.
About Binance Labs
Binance Labs is the venture capital arm and incubator of Binance, dedicated to empowering early-stage projects and driving the growth of innovative ecosystems. Since our founding in 2018, we have provided strategic support and funded projects across all market cycles.
Binance Labs’ portfolio includes over 250 projects launched in over 25 countries across six continents. Over 65 companies in Binance Labs’ portfolio are projects that have participated in our incubation programs. Subscribe to Binance Labs’ X Profile to learn more.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice, an endorsement, analysis or recommendations regarding any financial instruments, investments or issuers. This article may contain forward-looking statements that are inherently subject to risks and uncertainties. Investing in crypto and DeFi projects involves significant risks, including the risk of losing all invested funds. This article does not take into account the investment objectives, financial situation or specific needs of any specific person. Everyone is encouraged to consult their legal and financial advisors before making any investment decision.
