Ask about MonoX

Logo of MonoXMonoX(MONO)

Total Value Locked$11,083

TVL by Chain

Polygon$10,630

Ethereum$453.14

Key Metrics

Total Raised$5m

Sep 17, 2021$5mRound: SeedInvestors: 3Commas, Animoca Brands, Axia8 Ventures, Block Dream Fund, Divergence Ventures, Genblock Capital, Krypital Group, LD Capital, OP Crypto, Rarestone Capital, Youbi Capital

Protocol Information

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.

WebsiteX/Twitter
Category:Dexs

Sub Category: AMM

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Nov 30, 2021

Amount: $31.4m

Classification: Protocol Logic

Technique: Swap Logic Flaw

Chains: Ethereum, Polygon

Language: Solidity

Target Type: DeFi Protocol

Competitors

Uniswap V3 ($1.616b)Curve DEX ($1.248b)Uniswap V4 ($1.246b)Uniswap V2 ($1.061b)Fluid DEX ($303.64m)SushiSwap V3 ($44.66m)SushiSwap ($39.74m)Balancer V2 ($19.58m)DODO AMM ($12.47m)Frax Swap ($10.53m)

Frequently Asked Questions

What is MonoX's TVL?

MonoX currently has $11,083 in total value locked. TVL has increased 0.1% over the past 30 days.

What chains does MonoX operate on?

MonoX operates on 2 chains: Polygon and Ethereum. Polygon holds the largest share at 95.9%.

How does MonoX's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, MonoX ranks #1,009 by TVL. The category holds $14.204b across 1,939 protocols, and MonoX accounts for <0.1% of that total. Other leading protocols include Uniswap V3, Curve DEX, Uniswap V4, Uniswap V2, Fluid DEX, SushiSwap V3, SushiSwap, Balancer V2, DODO AMM, and Frax Swap.

Has MonoX ever been exploited?

MonoX has 1 recorded security incident. The most recent incident occurred on Nov 30, 2021 and involved $31.4m. It was classified as Protocol Logic.