Binance announced that Binance Labs has invested in aPriori, a project developing MEV-powered liquid staking solutions on the Monad Ethereum-compatible platform. aPriori was incubated during Season 6 of the Binance Labs Incubation Program.
According to Binance, aPriori is working to decentralize Monad's network by addressing gas fees, network traffic, and validator incentives. Monad’s fast finality and deferred execution pose both opportunities and challenges, leading aPriori to develop a new architecture for MEV and Liquid Staking Tokens (LSTs) suited to Monad's advanced Ethereum Virtual Machine (EVM).
"Binance Labs is proud to back aPriori's vision to pioneer MEV-powered liquid staking solutions. We are always on the look-out for early-stage projects with potential, and this investment marks our commitment to supporting pioneering projects that drive the next wave of blockchain innovation, and we look forward to seeing aPriori redefine the landscape," said Yi He, co-founder of Binance and head of Binance Labs.
Funding from Binance Labs' investment will help aPriori expand its team, advance research and development, improve security measures, and enhance blockchain performance to accommodate broader use.
aPriori said in a post on X, "We are excited to announce Binance Labs as our investor. It's an honor to be their first investment within the Monad ecosystem. We are continually impressed by Binance Labs' commitment to backing early-stage founders, supporting new ecosystems, and advancing the industry. Their Incubation program has invested significant resources into helping teams like ours, and we are grateful to have their support on our journey."
Binance Labs focuses on supporting early-stage blockchain projects and fostering innovative ecosystems. Since its establishment in 2018, it has provided support and funding to various projects, aiming to grow the blockchain industry. Binance Labs identifies and invests in blockchain entrepreneurs, startups, and communities.