Another chapter in the history of decentralization is being written. A great one. The original vision behind crypto, Blockchain, and everything in-between was to build a decentralized internet with no single point of failure.

Over the past few years, we have strayed away from these foundational values. This year, it has worsened with the rise of memecoins being the major focus and a distraction from the core values of this space.

People are now questioning if there are practical, everyday use cases on-chain. The answer to this question? dDocs.

WHAT IS dDocs?

Unlike conventional productivity apps, like Google Docs and Notion, dDocs is the first fully on-chain, decentralized, and censorship-resistant document platform. This means users can create, share, and collaborate on documents without the risk of unrestricted surveillance or censorship.

WHY IS dDocs IMPORTANT?

The Internet has become a new home for our minds. It is where we discover, share, and collaborate, but in today's internet landscape, over 3 billion people have unknowingly traded their digital rights for “free” workspace, tagged free but comes with a cost: unrestricted surveillance, censorship, and control over our personal data. With the rise of AI, the surveillance and control of our personal data intensifies, leading to more data collection and processing. Not your keys, not your info

Censorship at Play.

In 2022, jasperthefriendlyg was restricted from accessing his docs because the contents got flagged as a content violation. Conventional productivity apps can censor ideas or creative works that they do not agree with. This is not in line with what the new home for our mind should be, and this is why dDocs is important.

A Future of Digital Sovereignty

dDocs marks a first step towards digital sovereignty, where users have full control over their data and digital interactions.

Censorship Resistant

Censorship resistance is essential to our freedom and for global understanding. dDocs is built to give ideas and creative works a place to thrive without worrying if it pleases a centralized body or not.

FEATURES OF dDocs

What makes dDocs unique?

Accessibility and Usability: dDocs stands out not just for its decentralized nature but also for its accessibility. It can be used without creating an account, is optimized for mobile use, and functions offline. This is accommodating for the majority of Internet users who access the web primarily through their phones.

Strict Global Consensus: Ensures a reliable and uniform agreement across the network.

Peer-to-Peer Networks: dDocs utilizes peer-to-peer networks for file sharing and real-time collaboration, taking collaboration to the next level.

Inter-App Composability: Supports smart contracts for seamless app integration, allowing for a more cohesive digital experience.

Group Ownership: collective ownership through multisigs, ensuring that no single entity has control over the documents.

Open SDK for Customization: Allows users to customize and develop the tool according to their needs, fostering innovation and personalization.

THE BROADER IMPACT OF dDocs

The introduction of dDocs represents more than just a new tool; it is a movement towards reclaiming our digital rights. As we move forward, the importance of decentralized platforms like dDocs cannot be overstated. They offer an alternative to the current model, one where privacy, autonomy, and freedom are prioritized.

The success of dDocs could pave the way for other decentralized applications,a first step towards building the Internet we want.

CONCLUSION

dDocs is not just a platform; it is a manifesto for the future of the internet. It embodies the principles of decentralization, privacy, and freedom that were originally the foundational value of this space.

By supporting dDocs, we are taking a step towards an internet that truly serves its users, free from surveillance, censorship, and centralized control.

The Internet we want.

Learn more about dDocs;

Twitter: https://x.com/fileverse

In this fast-moving scene, overload is trying something new, not just anything new, but something that stretches the frontier of restaking. Meet overload, the omnichain restaking layer.

Omnichain, restaking and layer all in one sentence? You guessed it right. To shed light on how big of a deal this is, let's backtrack to the protocol that pioneer, restaking, eigenlayer. By providing a security as a service with the help of restaking, this would allow many new projects to borrow security from ethereum base layer and be built on eigenlayer.

This is all fascinating with eigenlayer, but it is limited to ethereum. This is where overload finance says hold my beer.

WHAT IS OVERLOAD?

Overload is a restaking protocol built on base that allows you to restake any erc-20 token to any contract on any chain integrated with layerzero.

For example, you have some stake erc-20 tokens Arb, usdt or ENA staked on berachain or near, and another staking opportunity comes up on a L2 like arbitrum or Solana, you want to restake on this chains, with the current landscape of restaking, it is practically impossible to restake on two distance chain.

This is where overload stretches the restaking frontier. If users have a stake erc-20 token on berachain, with overload they can restake the token on a chain that's integrated with layerzero.

A simple outline example of how overload finance works.

1. erc20 is on berachain.

2. deposit the erc20 into overload's restaking contract on berachain

3. restaking to a consensus contract and validator on berachain.

4. the consensus contract would send a message from berachain to settlement chain (using layerzero endpoints)

5. now their erc20 tokens balance on berachain would be mirrored on the settlement chain

6. The restaked balance can now be used for security/validation for AVSs.

CORE FEATURES OF OVERLOAD.

What makes overload unique?

ARCHITECTURE.

Restaking model : when it comes to overload's approach to designing a restaking model, it aims to support all practical restaking models in the future but its main focus is the many to many model.

There are three primary restaking models, the one to one model, the one to many model and the many to many model, each comes with advantages and trade offs.

In a one to one model, restaking is straightforward, similar to direct erc-20 transactions. Simplicity has its benefits for basic operations but lacks the flexibility required for complex and large scale staking scenarios.

The one to many model allows a single stake to secure multiple validators, introducing the possibility of slashing but it sacrifices user control, centralizing decision-making with operators, this model is eigenlayer.

And then the many to many model, chosen by Overload, gives users full control over their staking decisions across multiple validators, eliminating the centralized control and limited flexibility of the one-to-many model.

While this model complicates slashing due to the large number of staking combinations, Overload handles this challenge through a unique approach called validator jailing.

CONSENSUS MECHANISM.

ON-CHAIN CONSENSUS.

In Overload many to many model restaking model, you cannot be slashed for your stake, in other words, it is slash immune.

This is a big deal, because in PoS network (ethereum for example) slashing plays a fundamental role in maintaining the security and integrity of the network. In simple words, it is designed to discourage validators from doing something dishonest, if you commit a slashable offense, your stake gets slashed.

Stake slashing is also employed by restaking primitive eigenlayer and LSDs, this is something overload stretches out from.

By moving consensus on-chain, it overcome a lot of the possible slashable offense like proposing and signing two different blocks for the same slot, double voting by attesting to two candidates for the same block and Inactivity leaks.

For example with double voting, it becomes impossible because the EVM would not allow it, a validator only need to attest once and if a second attestation is tried, it would simply revert back if it was tried as a transaction.

The only issue left, is the inactivity problem which is handled by kick and jail mechanism.

Since the consensus contract is built by outside developers, overload encourage developers to kick inactive validators out of the validator’s set forcing them to miss out on attestation rewards or employ the jail mechanism, where validators asset are locked in overload for a specific amount of time.

DISTRIBUTION OF REWARDS.

When validators contribute to a consensus contract, rewards are distributed to incentivize their service. Implementing this onchain is complex due to the offchain-onchain dynamics, especially in many-to-many models. Therefore, two reward distribution methods are suggested.

Merkle Tree Distribution:

Rewards are calculated offchain and distributed using a Merkle tree structure, this ensures a efficient and centralized distribution. This method, is centralized, but effective and has been previously used successfully by Votium for onchain vote-bribing. It reduces onchain transactions by batching rewards and minimizing the frequency of claims.

Growth Distribution:

Suitable for simpler scenarios where users delegate voting power to themselves.Rewards are calculated onchain using a growth formula similar to Uniswap V3's approach.The formula involves calculating rewards based on the growth of tokens restaked and the latest reward value observed per token.

POINT SYSTEM.

Overload point system rewards users for contributing to its growth through restaking assets.

Points are accrued at a rate of 1 point per hour for every $1 restaked. For example, if a user restake $5,000 for 48 hours, they would yield 240,000 points.

These points are updated hourly and reflected on the platform every 24 hours, with accrual beginning two hours post-deposit.

The system uses an hourly price average, calculated as the mean of open, high, low, and close values, to determine point calculations.

Overload has two incentive programs the Bonus Points and Boost Points.

BONUS POINTS:

This aim to increase the platform's total value locked (TVL) and prevent airdrop dilution. As TVL increases, a larger percentage of Overload tokens are airdropped to points holders, ranging from 10% for TVL under $10 million to 20% for TVL over $500 million.

BOOST POINTS.

The aim is to reward early adopters with a multiplier on their points, decreasing as TVL grows. For example, restaking when TVL is $22 million earns an 8x points multiplier, which drops to 6x once TVL exceeds $25 million. The program, lasting between 3 to 6 months, aims to incentivize growth, decentralize the project, and reward early supporters.

WHY YOU SHOULD BE BULLISH ON OVERLOAD.

the real question is why shouldn't you?

According to DeFillama, restaking sector is ranked 5th in top protocols by categories, with a combined TVL of $19.598b, bullish figures.

With overload taking restaking omnichain and introducing new approach to consensus and restaking models, it increases flexibility, and security for stakers, positioning itself as a major player in the restaking sector.

Be there!

Website: https://overload.finance/

Discord: https://discord.com/invite/mUqUGM4k95

Twitter: @overloadfinance

GitHub: https://github.com/overload-labs

NitroFinance = Decentralized exchange (DEX) + money market.

DeFi innovations is at the top of Blockchain use cases. From decentralized borrowing to lending, it is at the forefront of redefining finance. The potentials of DeFi is vast and can't be overstated, but it has been limited by the scalability issues of the underlying blockchain network (high gas fees and slow transaction speed.)

This is where Monad enters the chat, bringing NitroFinance along with it.

Monad, a highly performant ethereum compatible L1, that processes 10k transactions per second, is built to address the current problems of the Blockchain network.

How does NitroFinance enters the chat fit in? In this article, we would explore NitroFinance, what it is, its core features, nature of liquidity pool, and lastly why you shouldn't fade the decentralized app.

BRIEF INTRODUCTION TO NITROFINANCE.

NitroFinance is a DeFi primitive protocol built on Monad, integrates the functionality of Decentralized exchange (DEX) and money market into a fused trade ledger. Imagine uniswap and compound finance have a baby? That baby would be NitroFinance.

NitroFinance represents a novel approach in the DeFi ecosystem. At its core, NitroFinance enables users to swap various tokens directly from their wallet, trading without intermediary and also integrates the functionality of the money market, allowing users to lend and borrow on the same platform.

CORE FEATURES OF NITROFINANCE.

What makes NitroFinance unique compared to other DEXes or money markets?

1. CONCENTRATED LIQUIDITY : This bin segregated framework, enable liquidity providers to allocate capital within specific price bins. This feature allows LPs to concentrate their liquidity in a narrow price range instead of providing liquidity across the whole range. This mechanism increases capital efficiency and optimizes returns.

2. BIN ORDER : Bin order is a novel concept implemented by NitroFinance. It leverages the concentrated liquidity pool and utilizes single sided asset provisioning and borrowing to approximate various types of limit orders.

Think of this;

A trader looking to buy a specific asset can deposit collateral into the concentrated liquidity pool and specify the desired purchase price. The Bin order mechanism then utilizes borrowed assets from the pool to execute the trade once the market price reaches or falls below the specified limit.

On the other hand, a trader wishing to sell an asset can deposit it into the liquidity pool and set a minimum sell price. When the market price reaches or exceeds the specified limit, the Bin order mechanism would automatically execute the sale using the pool's liquidity.

1. INNOVATIVE LIQUIDATION MECHANISM : NitroFinance implores an innovative liquidation mechanism that maintains the protocol solvency and eliminates bad debt risks.

2. NITRO LAUNCHPAD : NitroFinance introduces a unique approach to token launches, by providing a customizable distributor curve for efficient price discovery and bootstrapping initial liquidity for token pairs. What this means is that nitro launchpad would offer a flexible model for determining token distribution and pricing.

5) NITRO POINTS SYSTEM : Nitro points are a system of measurement within the protocol. Earned by users who actively engage and contribute to NitroFinance discord and participating in events.

The aim of NitroFinance’s points system is for users to redeem a "care package" reserve for active community members when NitroFinance goes live.

HOW TO EARN NITRO POINTS

Engage in the discord.

Make memes and creative art about NitroFinance.

Invite friends.

Play games in the discord to earn Nitro points (you can play solo or PvP to earn points).

6) NITRO AUCTION : Nitro auction is a weekly event where users can bid with their accumulated nitro points on exclusive items. It is held every Tuesday from 2PM to 4PM UTC in the protocol’s discord.

What is up for grabs in Nitro Auction?

These;

NATURE OF NITRO POOL:

Concentrated liquidity design: Liquidity providers (LPs) allocate capital within specific price ranges known as "bins." This approach allows LPs to concentrate their liquidity within narrower price ranges, optimizing capital efficiency.

Bin based segmentation: The pool is divided into bins, with each bin representing a unique price point for asset pairs (e.g., USDT/MONAD). This segmentation enables more precise control over liquidity provision and trading activities at different price levels.

Price function: The price difference between bins follows a function of geometric progression. This geometric progression helps maintain a balanced liquidity distribution across different price ranges within the pool.

Bin categorization : Bins are categorized based on asset composition. For example, bins may be categorized as containing only asset 'x' in the 'X' range, only asset 'y' in the 'Y' range, or both asset 'x' and 'y' in the same bin ('A' bin). This categorization ensures that liquidity provision and trading activities are efficiently managed for each asset pair within the pool.

WHAT CAN A USER DO IN NITROFINANCE?

Users can;

Lend or provide liquidity.

Borrow.

Swap.

These are the primary activities a user can carry out in NitroFinance, there are other strategic activities a user can carry out in NitroFinance, yes NitroFinance has a lot to offer, Anon.

PROBLEMS THAT ARISE IN DEFI PROTOCOLS AND HOW NITROFINANCE SOLVES THEM :

Impermanence Loss : liquidity providers often face losers when the relative price of assets changes within the pool. NitroFinance impermanence loss for liquidity providers by generating fees through diverse debt interactions. Yes Anon, NitroFinance cares.

CAPITAL INEFFICIENCY : liquidity fragmentation is a problem in DeFi, where liquidity is spread out across different protocols for trading and lending, resulting in inefficiency and fragmentation affecting DeFi as a whole from reaching its peak.

NitroFinance addresses through a fused trade ledger, where a user can trade, borrow and lend in our platform, streamlining operations and increasing capital Efficiency.

BAD DEBT : sharp price drop can cause debt position to fall below the liquidation threshold resulting in losses. NitroFinance addresses this by employing an automatic debt recovery mechanism, coupled with fixed term debt, to prevent bad debt by absorbing the collateral asset at the borrowed price at the time of the debt expiry.

WHY YOU SHOULDN'T FADE NITROFINANCE.

User's focused features : Nitro Finance introduces features that are focused on enhancing and optimizing users’ experience.

Still wondering if you should be bullish?

the future is NITRO

Join NitroFinance;

Twitter : https://x.com/NitroFinance

Discord: https://discord.com/invite/83yAf2Q6Fa

But now, we still see new blockchain projects spinning off every few months. I would ask "why another Blockchain?" Why do we have the emergence of yet another player in the field that already feels saturated. We have another entry. Monad.

Not just another player, but hopefully, a game changer that is carefully crafted to change the game of blockchains forever. But why Monad? I will answer in this short essay.

ANON, MEET MONAD.

Monad is a blockchain protocol focused on building a next generation highly performant ethereum compatible L1. Okay, that might be a bit technical, so let's break it down;

Blockchain protocol : monad is focused on building the best blockchain technology that exists, from custom database, parallel execution, unique consensus mechanism and more.

Next Generation: Monad is ushering the next generation of blockchains, positioning itself on the frontrunner in the race in making blockchain technology a mainstream reality.

High Performant: Monad is designed to process 10,000 transactions per second, yes Anon no more waiting rooms in the mempools, in traditional Blockchains.

Ethereum Compatible : Monad is not being built to be an ethereum replacement, but something better. Monad would be 100% compatible with existing applications on ethereum, enabling developers to migrate their existing Ethereum applications.

WHY MONAD?

The genesis of Monad stems from a desire to build a highly performant blockchain system. In an interview with Pipeline Intern, Monad founders, James and Keone, talked about the inspiration of building monad, which was "There was a huge need for more performant blockchains in general, and in particular, a huge need for more performant EVM, because the existing EVM implementations were very inefficient, and had not been optimized."

CORE FEATURES OF MONAD.

What makes Monad different from traditional blockchains? What is new? The following are some of the core features that separates Monad from other networks:

Crazy Speed : The speed of a blockchain has been one of the bottlenecks in crypto, with traditional Blockchains processing a handful of transactions per second, resulting in high transaction fees when attempts are made to prioritize transactions. Monad steps in like the hero for what regular transactions and DeFi activities have been waiting for. With 10,000 TPS, that's 36 million transactions per hour. With how TPS is calculated on Monad based on the historical total transactions on Ethereum, this feature is the first of its kind.

Parallel Execution : In blockchain protocols, parallel execution is not a new concept, with Blockchain like Solana taking that route and sei, parallel execution enhance network efficiency by allowing multiple transactions to process at the same time, this method greatly increase blockchain scalability and efficiency, it also comes with a trade off, it introduce complexities in synchronizing nodes and potentially impacting decentralization. The parallel execution of Monad is built with no trade off between decentralization and scalability for speed.

Monad Database: here is another novel feature that prevents that called MonadDB - a custom database for storing Blockchain state. MonadDb is a specialized database designed for storing blockchain data efficiently. Unlike traditional databases used by most Ethereum clients which embed one data structure into another, MonadDb implements the Patricia Trie data structure directly, both on disk and in memory. One standout feature of MonadDb is its ability to execute multiple transactions simultaneously. This means that when one transaction needs to access data from disk, it doesn't have to wait around – it can start working on another task while the data is retrieved asynchronously. MonadDb achieves this through advanced asynchronous input/output techniques, leveraging the latest kernel support on Linux. This approach avoids the need to spawn numerous kernel threads, which can be resource-intensive. MonadDb incorporates various optimizations related to I/O operations, such as bypassing the filesystem to reduce overhead costs. These optimizations collectively enhance the performance and efficiency of blockchain operations.

Consensus Mechanism: Monad employs a proof of stake (PoS) consensus mechanism similar to Ethereum, this is beneficial in energy conservation, scalability and security.

EVM Compatibility : Not 99, nor 99.9 but 100% compatible with the Ethereum Virtual Machine. Ethereum has the biggest developers community in the blockchain community and also the largest liquidity network. This feature allows developers to migrate existing ethereum applications and smart contracts to Monad. The benefit of this is low transaction fees (makes users happy), and increased efficiency as there is now a higher magnitude of increase in the throughput of applications through Monad.

Strong community: Monad community is the fastest growing community in the crypto sphere, with active monad enjoyoors contributing to the ecosystem in their own unique way.

BENEFITS TO USERS AND DEVELOPERS :

Tighten your seatbelt as this is where you get your mind blown away:

Low Fees : One of the biggest bottlenecks in crypto, for developers and users, is high gas fees. In the 2021 bull market, we saw gas fees as high as $100 just to make a transaction, this can discourage users from using such a network and developers from building on networks like that. But with Monad, the crypto space can say “bye” to high gas fees.

Faster Transaction : Have you ever imagined doing a transaction as fast as you blink? With Monad, that's no more an imagination as it is now possible on Devnet.

Do you still

l ask why Monad?

… Or wen monad?

Join the Nads Community:

Discord :

https://discord.com/invite/monad

Twitter : https://twitter.com/monad_xyz

Be apart of something unique, be apart of Monad, Anon.

WHAT EXACTLY IS A DEVNET?

In the development of blockchain protocols, the Devnet is a phase where developers are given opportunities to test the Blockchain network. It mimics the conditions of the mainnet, allowing developers to run, debug, and test the Blockchain network to gauge its performance during the simulation of real-world usage.

Why are these Tens of Thousands of Users and Developers Celebrating the Devnet?

Firstly, Monad is every developer's dream. That’s it.

Secondly, many developers have had to build on protocols where they had to make unhealthy trade-offs in their decentralized apps. By building on traditional blockchains like Ethereum or Solana, sacrifices must be made concerning accepting ridiculously high gas fees and few transactions per second as with the former and the risk of highly performant dapps becoming inaccessible whenever Solana goes down. High gas fees are a hindrance to mass adoption while blockchains going down is also a betrayal of a blockchain not having a single point of failure.

With the era of Monad now in fruition as the next-generation blockchain platform, a developer gets more than they can imagine such as inherited security and research from the Ethereum network, cross-compatibility of decentralised applications built on the Ethereum Virtual Machine (EVM), the low gas fee of Solana, the developer tooling of the EVM like Foundry, Hardhat and Slither. And also, the based Community of Nads!

With monad in devnet, developers are steps closer to building in real life on this protocol of their dreams.

IS MONAD'S DEVNET OPEN TO THE PUBLIC?

No. Monad's devnet is the first step towards a public testnet phase. Some people (established developer teams) were privately selected to run the devnet. This is the best option to get the maximal report on the performance.

MILESTONE OF THE DEVNET

10000 transactions per second (TPS)! (With a superior way of counting transactions)

.

WHAT IS COOL ABOUT PROCESSING 10000 TRANSACTIONS IN A SECOND?

In the blockchain industry, TPS represents the maximum number of transactions a blockchain can carry out in a second, it is used to measure a network's speed and scalability when multiple applications are being used concurrently on it.

WHY IS TPS IMPORTANT?

The TPS of a Blockchain network is important as a metric because it measures the network's capabilities to process real-time transactions and accommodate new use cases and users. Ethereum, the most popular Blockchain has a TPS of 15 - 25, while Bitcoin does 7. Comparing this to a centralized payment protocol that is ridiculously low. Visa can process a maximum of 65,000 TPS, and PayPal has a peak TPS of 450.

This is where Monad gets cooler, and says hold my beer Anon.

In calculating TPS in Blockchain, there is no “how-to” or “how not to” to do it. The method used in calculating the transactions that happen on a blockchain in a second varies according to the preferences of the team that built the blockchain. This can be misleading.

The first several million blocks on Ethereum included basic transactions but more recent transactions are far more complex, calling intricate smart contracts with multi-step calculations like atomic transactions!

Monad gives you Real TPS. By using a real metric for calculating and replaying all recent total transactions on Ethereum including intricate details like transfers, votes etc, Monad can process actual transactions and not votes or random functions that are subsets of a true on-chain transaction. This brings us to a useful method that can serve as an industry-standard benchmark for measuring the transactions of a blockchain.

Imagine! 10,000 transactions per second. 36,000,000 transactions per hour.

That's almost ONE BILLION transactions per day.

Stop Imagining Anon, Devnet Is Live!

Join the Nads Community:

https://discord.com/invite/monad

https://twitter.com/monad_xyz

Thanks to snownad and Chidubem for reading and editing the drafts of this.