Monad has published a draft Monad Improvement Proposal titled “Flexible and Upgradeable Account Authentication,” authored by Kushal Babel and Jan Camenisch and dated August 24, that would separate a permanent account address from the credentials that authorize transactions. Users could add, replace or retire keys, WebAuthn-based passkeys, multisignature setups and post-quantum schemes such as ML-DSA without changing the fixed address or transferring assets. The design supports social recovery—for example two trusted guardians jointly approving a replacement credential—and in-place upgrades managed through an AuthConfigManager precompile, while legacy secp256k1 accounts would keep working until they opt in. As of the latest report, Monad’s DeFi ecosystem held about $940.7 million in total value locked, roughly $732 million in stablecoins and around $389 million in decentralized-exchange volume over the prior 24 hours. The MIP remains at the architecture stage and still needs community feedback, a detailed implementation specification and formal review.