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MonoX Protocol
MonoX Protocol is a decentralized exchange that uses single token liquidity pools to provide users with DeFi products and services. It allows users to swap, earn, and invest in projects with a focus on capital efficiency and mitigated risk.
Distributed
Description
MonoX Protocol is a decentralized exchange (DEX) that provides DEX Owned Liquidity with mitigated risk. It utilizes single-sided liquidity pools, allowing users to swap, earn, and invest in new projects. The platform features Value Backed Tokens (VBTs), a capital-efficient solution for trading collateralized assets like synthetics, NFT shards, and gaming tokens. MonoX aims for greater capital efficiency in DeFi by offering lower trading fees, enabling projects to launch tokens with zero capital, and requiring liquidity providers to deposit only one token. The protocol's reserve currency, vUNIT, is backed by treasury and pool assets and facilitates single-sided liquidity. This model redefines liquidity for projects, liquidity providers, and traders by making trades cheaper and simplifying token launches and liquidity provision.Grant Funding
VC Funding
None
2021
$0
$5M