MonoX Finance is a decentralized finance (DeFi) protocol that uses a single token design for liquidity pools instead of using pool pairs. The company uses a decentralized exchange (DEX) owned liquidity model. The platform offers single-sided liquidity pools, which allow users to deposit only one asset instead of two. This is made possible by grouping deposited tokens into a virtual pair with the vUNIT stablecoin.
However, according to Ars Technica, MonoX Finance was hacked in December 2021 and lost $31 million due to a bug in software the service uses to draft smart contracts.
Location: Japan, Suita
Investors 5
| Date | Name | Website |
| - | Muhabbit C... | muhabbit.c... |
| - | idoresearc... | idoresearc... |
| - | Axia8 Vent... | axia8.com |
| - | Drops Vent... | drops.vent... |
| - | Red Buildi... | rbcap.io |