Monad Foundation launches dedicated laptop subsidy program for protocol teams with TVL over $2.5 million
Foresight News reported that Monad announced on Twitter that the Monad Foundation will subsidize the cost of dedicated signing laptops for protocol teams whose TVL reaches or exceeds 2.5 million USD, for use in multi-signature, treasury, and other critical operations. Eligible teams can contact the Monad Foundation to apply. Subsidies may require completing additional security training and standard KYC procedures. Monad emphasized that signing devices must never be the same computers used daily for web browsing, coding, or meetings.
Foresight News previously reported that Monad co-founder Keone Hon tweeted that protocol teams should immediately adopt a dedicated signing computer for multi-signature operations and stop using their everyday computers. He pointed out that everyday computers are highly susceptible to compromise. Once a computer is controlled, even connecting to a hardware wallet, the signing process can still be maliciously tampered with, posing security risks. Monad Foundation may introduce incentive mechanisms in the future to encourage teams to adopt this approach.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October
Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.
Structure Therapeutics CMO Blas Coll Crespo disposes of USD 124,008 common shares
DigitalOcean CEO Srinivasan Padmanabhan disposes of $1.6 million in common shares
Labcorp Reaffirms Long-Term Earnings Outlook
