With Monad mainnet approaching, what airdrop and yield opportunities are available?

Earn profits and airdrops at the same time.

Written by: Fishmarketacad

Translated by: Chopper, Foresight News

The launch of Monad mainnet may not be far off. Last month, Monad’s official 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 would be 100 billion.

All signs indicate that Monad’s token launch is imminent. This article lists a batch of applications within the Monad ecosystem, helping users catch the “last airdrop train” while also earning yields.

Note: MN stands for “Monad Native Application,” i.e., applications deployed exclusively on the Monad ecosystem from the first day of mainnet launch.

Lending Markets

Deposit assets to earn passive income through interest paid by borrowers and project incentives.

• TownSquare (MN): Offers lending vaults, one-click leveraged looping strategies, and cross-chain lending features.
• Modus (MN): Provides on-chain institutional-grade brokerage services, delta-neutral yield strategies, and one-click leveraged looping strategies.
• Curvance: Supports high LTV (Loan-to-Value ratio) with optimized liquidation mechanisms and offers one-click looping.
• Neverland Money (MN): Introduces “auto-repay loans” (loans that can be automatically repaid through asset yields).
• Avalon Labs: Focuses on the bitcoin lending market, supporting BTC-collateralized, fixed-rate stablecoin minting.
• Accountable: Minimizes counterparty risk in lending through “verifiable financial data” features.
• Block Street (MN): Allows users to earn yields by lending tokenized stocks, collaborating with off-chain brokers for large-scale on-chain settlements.
• Peridot Finance: Cross-chain lending market.

Liquid Staking Tokens (LST)

Deposit stakeable assets (such as Monad’s native token MON) to earn rewards from staking and other channels. Other non-MON LST projects are also set to launch soon but are not listed here for now.

• Fast Lane (MN): Issues an LST called shMON, supporting yield generation through multiple channels.
• Kintsu: Issues LSTs including sMON and sHYPE, managed by a decentralized autonomous organization.
• Magma (MN): Issues an LST called gMON, which can earn additional yield via MEV.
• aPriori: Issues an LST called aprMON, supporting yield generation through MEV.
• PumpMonad: Issues an LST called pumpMON, developed by the pumpBTC team.

Real World Assets (RWA)

Deposit assets to earn yields generated by real world assets.

• Mu Digital (MN): Yields come from real world assets and private credit in Asia.
• Zona (MN): Provides real world asset lending services and has launched “tokenized parking lot” yield products (i.e., returns generated from parking lot operations).
• dualmint: Yields come from financing support for Web2 enterprises.
• Helix: Yields come from money market funds and private credit.
• Asseto Finance: Yields come from money market funds.

Yield Aggregators / On-chain Asset Management

Deposit assets to earn comprehensive returns by integrating multiple yield channels.

• Meow Finance (MN): Locks assets as tradable NFTs, leveraging AI technology to aggregate multi-channel yields.
• enjoyoors (MN): “Restakes” assets into various low-risk DeFi protocols, supporting yield generation for almost all assets.
• aarnâ: Stablecoin yield aggregator offering multiple yield strategies, including AI trading strategies.
• Multipli.fi: Earns yields through delta-neutral DeFi strategies and RWA.
• SuperReturn AI: Issues interest-bearing stablecoins, backed by a basket of interest-bearing stablecoins from different fields, supporting cross-chain minting.
• Golden Goose: A cross-chain abstracted (users don’t need to care about specific chains, unified operations) and gamified yield aggregator.
• R2 Community: Issues multiple tranches of interest-bearing stablecoins, backed by a basket of crypto assets / RWA.
• rysk finance: Locks in yields for assets in advance by selling covered call options (selling call options while holding the underlying asset).
• Caddy Finance: Provides yields for bitcoin holders through various structured vault strategies.

Spot DEX Vaults

Spot decentralized exchanges (DEX) with vault features, allowing users to avoid frequent position adjustments.

• Clober (MN): Liquidity vaults using proprietary market-making algorithms.
• Charm: Permissionless Uniswap-style AMM liquidity management tool.
• Balancer: Spot AMM-type DEX supporting “automated liquidity pool rebalancing.”
• SigmaX (MN): Spot AMM-type DEX using proactive market maker (PMM) mechanisms.
• Atlantis: Spot AMM-type DEX offering automated spot vaults and token issuance tools.

AMM-type Spot DEX

Spot AMM-type DEXs where users manage their own liquidity pools (LPs), depositing assets to become liquidity providers and earn yields.

• Pinot Finance (MN): Spot CLOB-type DEX supporting Uniswap V2, Uniswap V3 AMM versions, and ve (3,3) economic model.
• Kuru (MN): Spot CLOB-type DEX offering AMM interface and concentrated liquidity (focusing 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 trade aggregator.
• Morpheus (MN): Spot AMM-type DEX providing token issuance tools.
• Uniswap: Veteran AMM-type DEX, Uniswap V4 will support the Monad ecosystem.

Perpetual DEX with Liquidity Vaults

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

• Monday Trade (MN): Spot and perpetual CLOB-type DEX, offering perpetual contract vaults.
• Celeris (MN): Spot and perpetual CLOB-type DEX, offering multiple perpetual contract vaults.
• Drake (MN): Perpetual CLOB-type DEX, providing perpetual contract vaults and funding rate arbitrage vaults.
• Bean Exchange (MN): Spot and peer-to-peer liquidity pool AMM-type perpetual DEX with dynamic liquidity management mechanisms.
• Narwhal Finance (MN): Peer-to-peer liquidity pool AMM-type perpetual DEX, supporting USDT and aprMON as margin.

Integrated Spot DEX

DEXs that combine spot trading and liquidity pool asset lending functions. While the core logic is similar, each protocol has different mechanisms. By lending tokens from liquidity pools (LPs) to traders, liquidity providers can earn extra yields.

• Timelock Trade (MN): Deposits any asset into a “risk-neutral” Uniswap V3 managed vault, where vault assets can be lent to traders. A delta-neutral version is under development.
• LIKWID: Deposits any asset, which can be lent to traders within the same liquidity pool for leveraged margin trading.
• FWX: Deposits any asset, which can be lent to traders within the same liquidity pool for leveraged margin trading. Also offers peer-to-peer liquidity pool AMM-type perpetual DEX functionality.
• NitroFTL (MN): Deposits any asset into a “position,” and idle liquidity can be borrowed by liquidity providers.
• Umbrella Finance (MN): AMM-type DEX supporting liquidity pool asset lending and “gauge voting” (a mechanism for deciding incentive distribution through voting).
• 0xKansei (MN): Core feature is “order book AMM” (combining AMM mechanisms with order books), and also supports leveraged yields on liquidity pool positions.
• Ammalgam: Supports multiple preset market-making strategies through asset lending.