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About MonoX Protocol(Polygon)
MonoX is a new DeFi protocol using a single token design for liquidity pools (instead of using pool pairs). This is made possible by grouping deposited tokens into a virtual pair with the vCASH stablecoin.
MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.
This new protocol design results in lower trading fees, less capital to deposit for Liquidity Providers, less siloed capital and projects can launch their token with zero capital.
It also creates opportunities for additional Decentralized Finance (DeFi) products/services such as lending and derivatives markets, while simultaneously providing a robust stablecoin that is backed by multiple assets in MonoX.
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