Effects are included in OCaml 5, but considered experimental. This doesn't stop us from building libraries that take advantage of them internally, in order to provide really nice external interfaces.

The best developed one is "eio", which uses effects (and io_uring on Linux) internally in order to provide a really high performance, direct-style IO library for OCaml. You can walk through some of the code here: https://github.com/ocaml-multicore/eio#getting-started

Also a video talk about our experiences with using effects for writing parsers, from the OCaml Workshop last year. https://watch.ocaml.org/videos/watch/74ece0a8-380f-4e2a-bef5...