MonoX and $Mono, what is it? Single token pools for maximum capital efficiency. Info and direct access to the platform.
MonoX Protocol is to create a new design for capital inefficiencies caused by liquidity pairs, by using a single token pool model.
MonoX achieves this goal by grouping deposited tokens into a virtual pair with the vCASH stablecoin, instead of using liquidity pairs.
The platform introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.
This new protocol design results in lower trading fees, less capital to deposit for Liquidity Providers, less siloed capital and projects can launch their token with zero capital.
It also creates opportunities for additional Decentralized Finance (DeFi) products/services such as lending and derivatives markets, while simultaneously providing a robust stablecoin that is backed by multiple assets in MonoX.
MonoX, its goal:
The MonoX protocol aims to correct many of the inefficiencies created by using a liquidity pool pair design by offering single token liquidity pools using a stable virtual currency pair.
Swap, earn and invest in the newest projects with our single sided liquidity pools
This new design creates a more profitable and profitable product for end users and a stablecoin backed by multiple assets. Our AMM two-tier liquidity pool design also offers protection against malicious token lists and stack draws.
Here is the most capital efficient way to trade chips that are already guaranteed (synthetics, NFT shards, gaming chips, insurance chips, etc.)
Come also to discover $Mono a new kind of stablecoin.
In 2020, decentralized finance (DeFi) has taken center stage as one of the most important value creation vectors within the growing blockchain industry. We’ve seen total blocked value (TVL) grow from $700 million to over $20 billion in the last 14 months, and DeFi has emerged as the driving force behind building the new open financial system and ownership economy. So it’s the right time for the release of such a platform, come and find out!