TechFlow News — According to official updates, on October 20, the automated market maker (AMM) protocol MonoX has officially launched on the Ethereum and Polygon mainnets. Notably, MonoX Protocol is an innovative AMM that enables liquidity pools to be created using just a single token, automatically generating virtual trading pairs with vCASH within the protocol. This significantly reduces capital requirements, enhances capital efficiency, lowers fees, and minimizes impermanent loss. The product will initially launch without a token; however, MonoX plans to conduct a public sale in the near future, with early adopters qualifying for retroactive airdrops.
Ruyi Ren, Founder and CEO of MonoX, stated that MonoX will play a pivotal role in building the DeFi 2.0 ecosystem. MonoX’s product makes it possible for innovative projects and Value Backed Tokens (VBTs) to be traded without any capital requirements or collateral, enabling simple and seamless trading experiences.
