MonoX Protocol Whitepaper

MonoX is a multi-layer, multi-chain DEX solving the capital inefficiencies created by liquidity pairs, we use a single token pool model. . MonoX facilitates single-sided liquidity by creating a virtual pair with vCASH token. 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 DeFi products/services such as lending and derivatives markets, as well as offering the most capital-efficient way to trade ‘Value Backed Tokens’ - VBTs, such as NFT shards, synthetics, gaming tokens, and insurance tokens.