Monad Foundation Launches Device Subsidy Program for Protocol Teams
The initiative targets protocol teams with at least $2.5 million in TVL (total value locked), supporting secure signing laptops for multisig (shared approval wallet system) and treasury operations.
Summary
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Terms & Concepts
TVL (total value locked): A DeFi metric showing the total value of assets deposited in a protocol’s smart contracts.
Multisig (shared approval wallet system): A wallet setup that requires multiple signatures to authorize a transaction, improving security for fund management.
Treasury operations: The management of a protocol’s reserves and operational funds, often using specialized wallet controls and security procedures.