CryptOrca

LOCKED MONAD TOKENS ARE NOT STAKEABLE Monad has been built painstakingly over the past 3.5 years. We take a long term view and aren’t afraid to do things differently from others. Today, ahead of the launch of the Public Mainnet, I’d like to share an important element of the Monad tokenomics design: locked MON may not be staked. Time and time again in previous blockchain launches, the crypto community has had the same complaint: insiders’ ability to stake and earn rewards (liquid or otherwise) on locked tokens. We heard those complaints and are taking a firm stance on this matter, in an effort to set a new standard for the space. The north star of Monad is true decentralization. The network will go live with 200 globally distributed validators that are run on consumer-grade hardware. While it would have been easier to cut corners, our team has taken the hard road in designing a system that delivers both performance and decentralization. What we build must stand the test of time. I believe that this firm stance on staking of locked tokens similarly positions Monad toward long-term success through better token distribution. On a personal note, I appreciate the support of investors including @paradigm, @dragonflyvc, @ElectricCapital, and @CastleIslandVC. We build for the long term and are grateful for the long-term-oriented thinking and support of Monad’s earliest backers. No shortcuts!