1. Monads are container types like Option and List that allow computation on the contained values.
2. Monads support higher-order functions like map and flatMap that can transform the contained values.
3. Monads can be combined through operations like flatMap and flatten that allow chaining computations together in a uniform way.
4. Different monads can be implemented in different ways but generally involve unit/return, map/fmap, and flatMap/bind operations.