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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.
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.
Overview
Location
Japan, Suita
Investors 5
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| idoresearch.ventures | idoresearch.ventures | |
| Axia8 Ventures | axia8.com | |
| Drops Ventures | drops.ventures | |
| Red Building Capital | rbcap.io |
Reviews 0
FAQ about MonoX Protocol
Who has invested in MonoX Protocol?
Parsers VC lists 5 investors of MonoX Protocol, among them idoresearch.ventures, Axia8 Ventures and Drops Ventures.
Is MonoX Protocol still active?
MonoX Protocol is probably closed.