OKX Ventures Invests in aPriori: MEV Powered Liquid Staking Platform
- WBOYOriginal
- 2024-07-28 21:05:081137browse
OKX Ventures announces seed round investment in aPriori, an MEV powered liquid staking platform on Monad, enhancing node-level infrastructure.
Crypto exchange OKX’s venture capital arm has participated in the seed investment round for aPriori, a Maximal Extractable Value (MEV)-powered liquid staking platform on Monad.
The investment will be used to expand aPriori’s team, enhance security measures, and foster community growth.
aPriori is building the platform on high-performance, parallel Ethereum Virtual Machines (EVMs) like Monad to create a new design space for node-level infrastructure.
Monad, an EVM-compatible Layer 1, was chosen for its portability and extreme performance.
aPriori aims to maximize the performance of Monad’s network while enhancing the user experience. It will work to reduce gas fees, optimize network traffic, and drive sustainable incentives for validators.
The platform is constructing a new architecture for MEV and liquid staking from the ground up.
Dora Yue, Founder of OKX Ventures, said, “We are excited to invest in aPriori, a MEV powered liquidity staking platform on Monad that decentralizes Monad’s network by reducing spamming and increasing validators’ incentives through the redistribution of MEV.
“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.”
OKX Ventures is the investment arm of OKX, the second-largest crypto exchange by trading volume.
With an initial capital commitment of $100 million, OKX Ventures explores promising blockchain projects globally, supporting technological innovation and promoting the healthy development of the blockchain industry.
The firm is dedicated to investing in long-term structural value and helping build innovative companies in the blockchain space.
For more information, visit the OKX Ventures website.
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