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DeFi News

Monad Offered Early Investors $60 Million to Sell

Monad Offered Early Investors $60 Million to Sell

The Monad Foundation offered early holders a rare exit, but the tokens remain locked on schedule. Meanwhile, DeFi and stablecoin usage is growing on the Ethereum-compatible network.

DeFi stands for financial services without the involvement of banks or other central parties.

Within DeFi, blockchain technology is used for services such as borrowing, lending, trading, and earning yield. Smart contracts automatically execute financial processes.