MonoSwap

What Is MonoSwap?

MonoSwap is described as a decentralized exchange (DEX) operating on the Blast chain, featuring custom-built functionalities and gamification elements. As one of the pioneering automated market makers (AMM) on Blast, MonoSwap maintains its own liquidity pools and offers various services such as token swapping, liquidity provision, yield farming, and launchpad. Users can also create customized farming pools with customizable incentives and access additional yield-boosting features.

Utilizing Blast's yield framework, MonoSwap compounds native yield, gas revenue shares, and a portion of its earnings to users in the form of MUSD - an over-collateralized token that is fully backed by Blast's USDB. The platform implements a point system to gauge users' engagement on-chain, with weekly MUSD distributions based on accrued points.

MonoSwap enables users to execute token trades at low fees and provides opportunities to earn a portion of trading fees by supplying liquidity to both V3 and V2 AMMs.

Who Are the Founders of MonoSwap?

The MonoSwap founders are anonymous and lead a team of 10 working on the protocol with the core contributors who worked at Gameloft and ONUS. MonoSwap is open-source and partnered with a set of projects in the ecosystem.

When Did MonoSwap Launch?

The protocol launched in late February 2024, since the first day of Blast mainnet launch.

Where Is MonoSwap Located?

As a decentralized exchange, the team works remotely. However, the headquarters is located in Hanoi, Vietnam.

MonoSwap Supported Coins List

As a permissionless decentralized exchange, tokens can be freely listed by anyone providing liquidity to trade them. The initially supported tokens include ETH and USDB.