$MON TGE today.

Simplest Monad airdrop play is still liquid staking. Stake and forget while farming points.

If Monad does well, one of the $MON LSTs will be Lido of ETH and Jupiter for Solana.

Question is which.

I look for:

- Exclusive to Monad
- No TGEd yet
- Already integrated into Monad eco DeFi apps (lending like @Curvance , DEXs etc)

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@0xFastLane → shMON:

Just announced Points with two modes: Earn points and yield or degen mode to earn just points.

Extra points to use in DeFi.

shMON should return MEV and infra fees back to holders.

Backing: $6m seed by Figment Capital, HashKey, Robot Ventures, Coinbase etc.

Backing is important as it provides exit liquidity for airdrop.

@Kintsu → sMON:

Built more like 'a safe and simple collateral' for DeFi.

Raised ~$4M Seed from Castle Island Ventures, CMT Digital, Spartan Group etc.

@MagmaStaking → gMON

I like that gMON brings Ethereum-style Distributed Validator tech to Monad that splits one validator across many operators, removing single-point failures.

Underrated feature.

Raised ~$3.9M seed from Animoca Ventures, CMS Holdings, Maelstrom (Arthur Hayes), Veil VC, RockTree Capital.

I bet they will have Arthur Hayes shilling it during TGE.

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Notes: I will skip aPriori. Already TGEd and token trading on Ethereum.

Gut feeling not good.

Which LST is the best bet?

I'm still considering my bets.