MonoX Protocol MONO Price $ 0.0132

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.

MonoX Protocol uses a single token design for liquidity pools instead of using pool pairs. The protocol makes is possible by grouping deposited tokens into a virtual pair with the vCASH stablecoin.

The first use case for single token liquidity pools will be an Automated Market Maker - Monoswap.

Single token liquidity pools are more capital-efficient, resulting in a more optimized experience for all participants because only one asset is required to be used in liquidity pools, it is possible to launch own token without extra capital and it is cheaper to swap tokens.