TechFlow News — According to Cointelegraph, on October 20, the automated market maker (AMM) protocol MonoX launched its mainnet on Ethereum and Polygon. Notably, MonoX Protocol is an innovative AMM that enables liquidity pools with just a single token, automatically generating virtual trading pairs with vCASH within the protocol. This approach enhances capital efficiency by eliminating the need for additional funds, reduces fees, and minimizes impermanent loss. The product will initially launch without a token, but MonoX plans to conduct a public sale in the near future, with early adopters eligible 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 finally possible for innovative projects and Value Backed Tokens (VBTs) to be traded without any capital requirements or collateral, significantly simplifying and streamlining the trading process.
