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MonoX is a next-generation Decentralized Finance (DeFi) protocol that aims to change how people engage with peer-to-peer financial systems powered by decentralized blockchain technology.
MonoX Protocol relies on a single-token setup for liquidity pools rather than pool pairs. It works by combining deposited tokens into a simulated pair together with the vCASH stablecoin.
The initial application of single-token liquidity pools is an Automated Market Maker called Monoswap.
These single token liquidity pools can be more capital-efficient, offering a streamlined experience for participants: only one asset is needed for liquidity pools, it enables launching your own token with no extra capital, and it can reduce the cost of swapping tokens.
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