Monad (MON)
What is Monad?
Monad is an EVM-compatible Layer 1 blockchain that enables developers to deploy Ethereum applications without code changes while achieving 10,000 TPS, 400ms blocks, and 800ms finality through parallel and asynchronous execution.
How to stake Monad?
Validator Name: Everstake
Vote Account: 0xd18Ea79d1A648160B077F694b835cB84f8B25958
Commission: 20.00%
Where can I stake Monad?
You can choose a crypto wallet convenient for you and use the guide 'How to stake Monad' or write to Everstake support and get more detailed information.
Staking Details
Epoch duration
50,000 blocks (~5.5 hours)
Everstake fee
20.00%
Auto-compounding
No
Stake activation time
1-11 hours (start of next epoch or the following)
Reward frequency
every block
Min amount ot stake
No minimum
Unstaking period
~5.5 hours (1 epoch)
Re-delegating activation time
1-11 hours (start of next epoch or the following)
Last Reward
Last rewards earned before unstaking.
Self-Bond
100,000 MON per validator, none for delegators
Active set
200 validators
Slashing
None currently implemented
Why Everstake?
Everstake is the №1 staking infrastructure platform, trusted by over 1.6M users and institutional clients worldwide. Committed to the highest standards of compliance with certifications such as SOC 2 Type II, CCPA/CRPA, ISO 27001, and GDPR, we deliver secure and reliable staking solutions across 130+ supported chains with a reliability rate of 99.98%
Our skilled team manages reliable infrastructure, prioritizing the safety of your funds. Delegating through Everstake offers opportunities to boost your yields while ensuring peace of mind about your token's security.
Everstake Participation
As a Monad validator, Everstake contributes to the overall success and growth of the Monad blockchain from the network's initial launch. Our technical expertise and robust infrastructure help maintain the reliability of the network. We are responsible for keeping systems up and running, which is crucial for the uninterrupted operation of the blockchain and the timely processing of transactions.
FAQ
Monad Explorers
MonVision Explorer
SocialScan Explorer
HoodRun Explorer
What is MON?
MON (Monad) is a cryptocurrency for the Monad blockchain, which is a high-performance, EVM-compatible Layer 1 blockchain designed for scalability. It uses parallel execution to process transactions much faster than traditional blockchains, aiming for speeds up to 10,000 transactions per second. The project is led by the Monad Foundation and was launched to provide a more efficient platform for decentralized applications (dApps).
Monad Tokenomics
MON is the native token that powers the Monad protocol. The MON token is primarily used for transaction fees on the Monad network and for staking to secure the Monad network. At the launch of Monad Public Mainnet, the total initial supply of MON will be 100 billion tokens. For more details you can visit here
How Everstake deduces validator fee?
“Validator fee” refers to the rewards received by Validator for participating in the Blockchain network Validation process. Everstake determines the validator fee through a process involving analysis and consideration of various factors, such as network requirements, operational costs, and market dynamics.
Control over User's Funds
Validators don't have control over users' funds in blockchain networks. Instead, they validate transactions and participate in the consensus process based on the rules defined by the network protocol. Users retain control over their funds through private keys, which are used to sign transactions and authorize transfers. Validators' roles involve confirming the validity of transactions and blocks, but they don't have the authority to access or manipulate users' funds.