Monox announces public start-up start to Ethereum and Polygon
Monox announces public start-up start to Ethereum and Polygon
[press release - Singapore, Singapore, 20th October 2021]
The Mainset start takes place only a few weeks after Monox has collected $ 5 million to disturb traditional Dexs and to remove inefficiencies from the defi ecosystem with one-sided liquidity pools.
Monox protocol , the most capital-efficient automated market maker (AMM) in the defi area, is pleased, the introduction of his impact that is expected to be excited with full To announce swap and liquidity functions in Ethereum and Polygon networks. The Mainnet is the result of over a year of hard work, continuous development and tests.
Although traditional Dexs have significantly reduced the barrier for projects that bring their tokens onto the market, it is still expensive for projects to bring their tokens onto the market because they have to store two tokens to build up the liquidity couple. The innovative one -sided liquidity pools of Monox make it superfluous to bring another asset, which makes it economical to launch their tokens.
It also offers liquidity providers (LPS) and dealers a more capital -efficient and optimized experience. The LPs only have to deposit one token in the liquidity pool and receive fees for both swaps and borrowing. Dealers will find that the exchange from token on Monox is much cheaper than alternatives. The platform achieves lower trading fees by avoiding the long transaction routes that occur in traditional automated market maker (AMMS).
The official liquidity pools are at the time of the introduction:
Ethereum: Eth, WBTC, USDC, USDT Polygon: Matic, WBTC, USDC, USDT, WETH
Monox plans to add further official pools in the coming months. However, Trustless Listing pools will be live when the product was launched. Unless pools of trust enable every person or project to start their tokens without permission. You just have to set a starting price and deposit liquidity for the token. It grouped the stored tokens into a virtual couple with their own Vcash stable coin, which is supported by all assets in the monox pools.
Monox is also a capital-efficient solution to supply value-backed tokens (VBTS) such as synthetic assets, fractionated NFTs, insurance stakes and game marks with liquidity. Since these assets have an inherent value, projects and users do not have to secure them a second time with a liquidity couple.
On this important turning point of the project, Ruyi Ren, co -founder and CEO of Monox: "Monox will be an important component and pioneer for Defi 2.0. With our product it is finally possible and simply to act in innovative projects and value backed tokens (VBTS) without capital requirements or security."
about Monox
Monox is the most capital-efficient automated market maker (AMM) in the defi ecosystem. It enables developers, dealers and liquidity providers to take part in an open, accessible and capital -efficient marketplace. Monox aims to revolutionize Defi by eliminating the capital inefficiency of the first generation protocol models. Its one -sided liquidity pools and VCash StableCoin enable lower trade fees, capital efficiency and the possibility of starting tokens without additional capital.