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MonoX

MonoX

MonoX is a DeFi service provider.

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Edits on 21 Feb, 2022
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Olga K
edited on 21 Feb, 2022
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MonoX

Swap, earn and invest in the newest projects with our single sided liquidity pools. Most Active. Top 100 tokens by trading volume.

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Olga K
edited on 21 Feb, 2022
Edits made to:
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OurThe first use case for single token liquidity pools will be an Automated Market Maker - Monoswap, which is set to launch in October 2021.

In the future, we will be launching lending/borrowing and derivatives products.

Edits on 9 Feb, 2022
Olga K profile picture
Olga K
edited on 9 Feb, 2022
Edits made to:
Timeline (+57/-3 events) (+2367/-88 characters)
Timeline

February 4, 2022

Public Testnet Launch

MonoX 2.0 Beta is live

January 31, 2022

MonoX 2.0 - MonoX - Medium

January 4, 2022

MonoX - Medium

January 4, 2022

MonoX 2022 Kick-Off Update - MonoX - Medium

December 10, 2021

The Path Forward Part 2: Community Compensation - MonoX - Medium

December 1, 2021

Exploit: Post Mortem - MonoX - Medium

December 1, 2021

Exploit: Post Mortem - MonoX - Medium

November 29, 2021

MonoX Builds on Harmony - MonoX - Medium

November 25, 2021

$MONO Token and IEO - MonoX - Medium

November 25, 2021

Five Reasons Why MonoX is the Future of DeFi - MonoX - Medium

November 24, 2021

MonoX builds on Avalanche - MonoX - Medium

November 23, 2021

MonoX Spotlight: CoinList Seed - MonoX - Medium

November 23, 2021

Advisor Spotlight: Wayne Lin - MonoX - Medium

November 22, 2021

Advisor Spotlight: Maggie Wu, Krypital - MonoX - Medium

November 21, 2021

Airdrop Referral Campaign - MonoX - Medium

November 16, 2021

Weekly Update 11/16 - MonoX - Medium

November 10, 2021

MonoX Profitability and LP Revenue Share - MonoX - Medium

November 9, 2021

Weekly Update 11/9 - MonoX - Medium

November 2, 2021

Weekly Update 11/2 - MonoX - Medium

October 27, 2021

MonoX and StaFi Collaboration - MonoX - Medium

October 26, 2021

Weekly Update 10/26 - MonoX - Medium

October 22, 2021

How to WAGMI with $MONO Airdrop - MonoX - Medium

October 21, 2021

🧑 🚀MonoX Launch II -- Getting Started - MonoX - Medium

October 20, 2021

MonoX is LIVE on Mainnet! - MonoX - Medium

October 12, 2021

Weekly Update 10/12 - MonoX - Medium

October 5, 2021

Weekly Update 10/5 - MonoX - Medium

September 28, 2021

Weekly Update 9/28 - MonoX - Medium

September 21, 2021

Weekly Update 9/21 - MonoX - Medium

September 20, 2021

MonoX: Introducing the AMM for Value Backed Tokens (VBTs)

September 14, 2021

Weekly Update 9/14 - MonoX - Medium

September 8, 2021

Weekly Update 9/8 - MonoX - Medium

August 31, 2021

Weekly Update 8/31 - MonoX - Medium

August 24, 2021

Weekly Update - MonoX - Medium

August 24, 2021

Weekly Update - MonoX - Medium

August 17, 2021

Weekly Update 8/17 - MonoX - Medium

August 12, 2021

Contest Recap - MonoX - Medium

August 10, 2021

Weekly Update 8/10 - MonoX - Medium

August 6, 2021

Bug Bounty - MonoX - Medium

August 3, 2021

Weekly Update 8/3 - MonoX - Medium

July 27, 2021

Weekly Update 7/24 - MonoX - Medium

July 22, 2021

MonoX Beta Launch Competition - MonoX - Medium

July 20, 2021

Weekly Update - MonoX - Medium

July 13, 2021

Testnet Update V - MonoX - Medium

July 12, 2021

The MonoX Protocol Ambassador Programme - MonoX - Medium

July 8, 2021

MonoX Partners with SIL Finance - MonoX - Medium

July 6, 2021

Testnet Update IV - MonoX - Medium

July 1, 2021

Explore and Analytics Functionality - MonoX - Medium

June 29, 2021

Testnet Update III - MonoX - Medium

June 25, 2021

MonoX Scavenger Hunt Quiz - MonoX - Medium

June 22, 2021

Testnet Update II - MonoX - Medium

June 18, 2021

MonoX Deployed to Mumbai Testnet (Polygon) - MonoX - Medium

June 15, 2021

Testnet Report: Week 1 - MonoX - Medium

June 2, 2021

MonoX Incentivized Testnet - MonoX - Medium

May 21, 2021

DoraHacks Web3 Blockchain Hackathon ReCap - MonoX - Medium

May 18, 2021

Announcement: MonoX Onboards Halborn Security As Security Advisors

May 14, 2021

MonoX + Polygon: The Future of DeFi - MonoX - Medium

May 8, 2021

The IDO Dilemma - MonoX - Medium

April 30, 2021

Fair Launch: Is it Really? - MonoX - Medium

April 22, 2021

DeFi 1.0: What Comes Next? - MonoX - Medium

December 4, 2020

MonoX (@MonoXFinance) | Twitter
Edits on 29 Jan, 2022
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Olga K
edited on 29 Jan, 2022
Edits made to:
Article (+4486/-6 characters)
Article

What is MonoX?

MonoX is a new DeFi protocol using a single token disigndesign for liquidity pools (instead of using pool pairs). This is made possible by grouping deposited tokens into a virtual pair with the vCASH stablecoin.

Our first use case for single token liquidity pools will be an Automated Market Maker - Monoswap, which is set to launch in October 2021.

In the future, we will be launching lending/borrowing and derivatives products.

Why use MonoX?

Single token liquidity pools are more capital-efficient, resulting in a more optimized experience for all participants.

1. As a project or developer, you can launch your token with zero extra capital.

2. As a liquidity provider you only have to deposit one token to the liquidity pool.

3. As a trader, swapping tokens is made much cheaper.

4. We use one pool so LPs will receive fees for both swaps and borrowing.

5. Most capital efficient solution to trade tokens already backed by value (Synthetics, NFT shards, Gaming Tokens, Insurance Tokens)

Who are the main users of MonoX?

1. DeFi Degens: A new way to Ape. No more explanation needed.

2. Alpha seekers: Traders who are looking for a cheaper alternative to invest into crypto compared to using other GAS and fee heavy AMMs/DEXs.

3. DeFi Enthusiasts: DeFi natives, protocol connoisseurs, and yield farmers who love to use/experiment with new and exciting DeFi products.

4. Projects & Developers: Legitimate projects looking to launch their token, but lacking in sufficient capital.

5. Anyone who was rug pulled: We have a two-tiered pool system for Official Pools and trustless listing pools (where the vCASH balance cannot go below 0). Such a system makes it harder for rug pulls and scam token listings to operate.

Overview

At its core, MonoX is a next generation Decentralized Finance (DeFi) protocol redefining how users can participate in the peer-to-peer financial systems enabled by decentralized technologies built on blockchain networks.

Specifically, MonoX seeks to optimize and fix the capital inefficiencies posed by the Liquidity Pool Pair design. The protocol works by grouping deposited tokens into a virtual pair with vCASH.

Single token liquidity pools are much more capital efficient which means they can become the infrastructure for superior DeFi products and services. Single token design results in lower trading fees, less capital needed to be a liquidity provider and less capital is siloed in multiple pool pairs, resulting in more capital being unlocked and free to use within the greater DeFi ecosystem.

First, we will be launching an Automated Market Maker (AMM). However single token liquidity pools can also be used to build optimized lending/borrowing products, as well as derivatives like futures and options trading.

Project Mission

MonoX believes that 2020 has shown the world what the foundation for value creation is in regards to DeFi protocols (hint: with TVL growth of over 2000%, that's a lot). However, in DeFi 2.0, projects like MonoX will find ways to improve and optimize the inefficiencies of current protocol models. Thus, the space will continue to grow and the DeFi value creation baseline will be set higher and higher.

Above all, MonoX wants to help build and shape the new ownership economy while making a positive impact on society. The goal of MonoX is to release innovative new DeFi products and services that members of the DeFi ecosystem will appreciate and love.

Launch Features

The first MonoX product is an automated market maker using a single token liquidity pool design.

Swapping

• Trade between any ERC20 token listed on platform.

• Exchanging Token A with Token B always works by swapping Token A to vCASH and then from vCASH to Token B.

Providing Liquidity

• Deposit tokens to a liquidity pool, receive your share of the pools reserve in the form of LP tokens. You only need to deposit one kind of token.

• Start earning trading fee rewards for pool activity.

Removing Liquidity

• Redeem your pro-rata fee rewards by withdrawing/burning your LP tokens.

Official Pools

• Official pools have been approved by the DAO.

• Tokens are deposited into a virtual pair with vCASH.

Trustless Listing Pools

• Permissionless listing of new tokens

• vCASH balance cannot go below 0. (User protection feature).

Futures

• Lock up project tokens in a smart contract until maturity date

• Receive Futures tokens that function as a 1:1 synthetic token representing project token

• Once maturity date is reached, burn futures tokens for project tokens

MonoX Future Features/Products:

Borrowing and Lending - TBD

Derivatives - TBD

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Olga K
edited on 29 Jan, 2022
Edits made to:
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Article

MonoX is a new DeFi protocol using a single token designdisign for liquidity pools (instead of using pool pairs).

Table

Name
Role
LinkedIn

Anthony Munoz

Co-Founder, Lead Engineer

@anthony-munozm

Hugh Flood

Co-Founder, Head of Growth & Biz Dev

@hughflood

Ruyi Ren

Founder, CEO

@ruyiren

Yury Labiak

Co-Founder, Lead Front End Engineer

@yurylabiak

Table

Company
CEO
Location
Products/Services

ZBS CAPITAL

https://zbs.capital/

3Commas

https://3commas.io/

Animoca Brands Corporation Limited

https://www.animocabrands.com/

Avalanche

https://www.avax.network/

Axia8 Ventures

http://www.axia8.com/

Table

Title
Author
Link
Type
Date

MonoX (@MonoXFinance) | Twitter

MonoX

https://twitter.com/MonoXFinance

Web

December 4, 2020

MonoX Protocol

https://monox.finance/

Web

MonoX Protocol

https://monox.finance/home

Web

Table

Title
Date
Link

💡About - MonoX

https://docs.monox.finance/

MonoX

https://www.youtube.com/channel/UCUZPsFw7XQIJm3oh25PzcWQ

Timeline

January 29, 2022

January 4, 2022

MonoX - Medium

December 4, 2020

MonoX (@MonoXFinance) | Twitter

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