What is NullTerminal?

NullTerminal is a DEX aggregator on Monad. It compares prices across 9 decentralized exchanges, splits your order across venues when that improves the rate, and executes everything in one transaction.

Which DEXs does NullTerminal aggregate?

Uniswap V3 and V4, PancakeSwap V3, Capricorn, LFJ (Trader Joe), Atlantis, Balancer, the Kuru orderbook, and nad.fun bonding curves — 9 venues on Monad mainnet.

How much does NullTerminal cost?

The protocol fee is 5 basis points (0.05%) taken from the swap output. Quotes and the public API are free, and referrers earn 50% of the fee.

Is NullTerminal non-custodial?

Yes. The API returns an unsigned transaction that you sign in your own wallet. NullTerminal never holds funds or touches private keys.

Does NullTerminal have an API?

Yes — a free REST API: GET /v1/quote returns the best route across all 9 DEXs and POST /v1/swap builds the transaction. No API key is needed for 60 requests per minute.

How fast are NullTerminal quotes?

Single-hop quotes return in roughly 200–400 ms and composed multi-hop routes in about 650 ms. Monad's 400 ms blocks make execution near-instant.

aPriori — Monad Research

aPriori — Monad ResearchaprMON — the smallest of Monad's four liquid-staking tokens by TVL, but read on-chain with the same rigor as the others.Key takeaways

aprMON follows the identical ERC-4626 measurement path as shMON and gMON — a direct on-chain convertToAssets() read via Multicall, not a third-party API.

As the smallest of Monad's four tracked LSTs by TVL, it typically carries the thinnest secondary-market liquidity of the group.

The indexer's best-effort design means a temporary read failure serves the last-good cached figure rather than showing a blank or zero value — true for aprMON the same as the other three.

What it isaPriori issues aprMON, another ERC-4626 liquid-staking vault for MON — deposit MON, receive aprMON, and the vault's exchange rate climbs as staking rewards accrue while aprMON itself stays usable elsewhere in DeFi.How it's measuredSame direct on-chain read as shMonad and Magma: a batched Multicall reads `totalSupply()`, `totalAssets()` and `convertToAssets(1e18)` on a regular cadence, with the same automatic fallback to a plain division if the preferred call fails. The rate is snapshotted hourly into the same historical store all three ERC-4626 LSTs share, and APY is derived the same way — annualized real rate growth over the widest available window up to 7 days, returned as no figure at all rather than a guess if there isn't yet enough growth or history to compute one honestly.RisksaPriori is currently the smallest of Monad's four LSTs by TVL, which typically means the thinnest secondary-market liquidity of the group — a wider gap between its true redemption rate and what a DEX sale would actually realize during a fast move, purely as a function of size rather than any flaw specific to the protocol. The same validator-level risk (slashing, downtime) applies as with any Monad LST.FAQIs aprMON measured the same way as shMON and gMON?Yes — identical methodology: a direct on-chain convertToAssets() read via Multicall, hourly rate snapshots, and APY computed from real observed rate growth over up to a 7-day window. All three are ERC-4626 vaults read the same way; only Kintsu's sMON differs.Why is liquidity for aprMON thinner than for shMON?It's currently the smallest of Monad's four tracked LSTs by TVL — smaller size generally correlates with thinner secondary-market DEX liquidity, meaning a bigger potential gap between the true on-chain redemption rate and what selling into the market would actually realize during a fast move.Sources: GET /v1/defi/staking — NullTerminalLast reviewed 2026-07-08. More Monad research.Monad DeFi board · Markets · Swap on NullTerminal