The automated market maker is ready for mainnet.
Содержание статьи:
This news was brought to you by ANKR, our preferred DeFi Partner.
The mainnet launch comes just weeks after MonoX raised $5 million to disrupt traditional DEXs and eliminate inefficiencies from the DeFi ecosystem using single-sided liquidity pools.
MonoX Prepares to Launch
MonoX Protocol, the most capital-efficient automated market maker (AMM) in the DeFi space, is thrilled to announce the launch of its much-anticipated mainnet with full swap and liquidity features on Ethereum and Polygon. The mainnet is the culmination of over a year of hard work, continuous development, and testing.
Though traditional DEXs have significantly lowered the barrier for projects launching their tokens, it’s still expensive for projects to launch their tokens because they need to deposit two tokens to build the liquidity pair. MonoX’s innovative single-sided liquidity pools eliminate the need for developers to bring another asset, making it economical for projects to launch their tokens.
MonoX also provides a more capital-efficient and optimized experience to liquidity providers (LPs) and traders. The LPs have to deposit only one token to the liquidity pool, and they will receive fees for both swaps and borrowing. Traders will find that swapping tokens on MonoX is much cheaper than alternatives. The platform achieves lower trading fees by avoiding the lengthy transaction paths seen on traditional automated market makers (AMMs).
The official liquidity pools at the time of launch are:
MonoX plans to add more Official Pools in the coming months. However, Trustless Listing pools will be live at initial product launch. Trustless pools allow any person or project to launch their token in a permissionless manner. All you have to do is set an initial price and deposit liquidity for the token. It groups the deposited tokens into a virtual pair with its own vCASH stablecoin, which is backed by all assets in the MonoX pools.
MonoX is also a capital-efficient solution to infuse liquidity to Value-backed Tokens (VBTs) such as synthetic assets, fractional NFTs, insurance tokens, and gaming tokens. Since these assets hold inherent value, projects and users don’t need to collateralize them a second time with a liquidity pair.
Speaking on this key inflection point in the project, MonoX co-founder and CEO Ruyi Ren said:
“MonoX will be a key building block and enabler for DeFi 2.0. With our product, it’s finally possible, and easy, to make innovative projects and Value Backed Tokens (VBTs) tradable without any capital requirements or collateral.”
MonoX is the most capital-efficient automated market maker (AMM) in the DeFi ecosystem. It empowers developers, traders, and liquidity providers to participate in an open, accessible, and capital-efficient marketplace. MonoX aims to revolutionize DeFi by fixing the capital inefficiencies of the first-generation protocol models. Its single-sided liquidity pools and vCASH stablecoin facilitate lower trading fees, capital efficiency, and the ability to launch tokens with zero additional capital.
For further information, contact Hugh Flood at [email protected] or visit the website.
Disclaimer
Read More
Read Less
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: cryptobriefing.com
